Mmbg Investment Advisors CO. Sells 3,479 Shares of iShares U.S. Technology ETF $IYW

Mmbg Investment Advisors CO. cut its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 18.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,206 shares of the exchange traded fund’s stock after selling 3,479 shares during the period. Mmbg Investment Advisors CO.’s holdings in iShares U.S. Technology ETF were worth $3,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Triumph Capital Management bought a new stake in iShares U.S. Technology ETF during the 3rd quarter valued at $28,000. Hantz Financial Services Inc. acquired a new position in shares of iShares U.S. Technology ETF during the third quarter worth $31,000. Kingdom Financial Group LLC. purchased a new stake in shares of iShares U.S. Technology ETF during the 4th quarter valued at $32,000. Collier Financial purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter valued at $37,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth $41,000. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Price Performance

iShares U.S. Technology ETF stock opened at $241.77 on Tuesday. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 34.95 and a beta of 1.33. iShares U.S. Technology ETF has a 1-year low of $154.02 and a 1-year high of $243.69. The business has a fifty day moving average price of $208.45 and a 200-day moving average price of $201.26.

About iShares U.S. Technology ETF

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.