Northwestern Mutual Wealth Management Co. Sells 239,753 Shares of iShares U.S. Technology ETF $IYW

Northwestern Mutual Wealth Management Co. lessened its stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 56.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 186,698 shares of the exchange traded fund’s stock after selling 239,753 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Technology ETF were worth $37,280,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Human Investing LLC raised its stake in shares of iShares U.S. Technology ETF by 2.7% during the third quarter. Human Investing LLC now owns 1,853 shares of the exchange traded fund’s stock valued at $363,000 after acquiring an additional 49 shares in the last quarter. CWA Asset Management Group LLC raised its stake in shares of iShares U.S. Technology ETF by 0.7% during the fourth quarter. CWA Asset Management Group LLC now owns 6,955 shares of the exchange traded fund’s stock valued at $1,389,000 after acquiring an additional 50 shares in the last quarter. Howard Capital Management Inc. raised its stake in shares of iShares U.S. Technology ETF by 1.0% during the third quarter. Howard Capital Management Inc. now owns 5,403 shares of the exchange traded fund’s stock valued at $1,058,000 after acquiring an additional 54 shares in the last quarter. Tiller Private Wealth Inc. raised its stake in shares of iShares U.S. Technology ETF by 3.2% during the fourth quarter. Tiller Private Wealth Inc. now owns 1,953 shares of the exchange traded fund’s stock valued at $390,000 after acquiring an additional 60 shares in the last quarter. Finally, Center For Asset Management LLC raised its stake in shares of iShares U.S. Technology ETF by 3.7% during the fourth quarter. Center For Asset Management LLC now owns 1,669 shares of the exchange traded fund’s stock valued at $333,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

iShares U.S. Technology ETF stock opened at $236.39 on Tuesday. The company has a 50 day moving average price of $203.57 and a 200-day moving average price of $200.15. iShares U.S. Technology ETF has a fifty-two week low of $154.02 and a fifty-two week high of $243.69. The company has a market capitalization of $23.25 billion, a PE ratio of 34.95 and a beta of 1.33.

iShares U.S. Technology ETF Profile

iShares U.S. Technology ETF, formerly iShares Dow Jones U.S. Technology Sector Index Fund (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.