Northwestern Mutual Wealth Management Co. Has $78.85 Million Position in iShares U.S. Technology ETF $IYW

Northwestern Mutual Wealth Management Co. cut its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 394,891 shares of the exchange traded fund’s stock after selling 31,560 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.38% of iShares U.S. Technology ETF worth $78,852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in iShares U.S. Technology ETF by 58.1% in the first quarter. AQR Capital Management LLC now owns 10,066 shares of the exchange traded fund’s stock valued at $1,414,000 after buying an additional 3,699 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of iShares U.S. Technology ETF by 9.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,094 shares of the exchange traded fund’s stock worth $190,000 after acquiring an additional 98 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of iShares U.S. Technology ETF during the 2nd quarter worth approximately $222,000. Main Street Financial Solutions LLC raised its stake in iShares U.S. Technology ETF by 95.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 2,851 shares of the exchange traded fund’s stock valued at $494,000 after acquiring an additional 1,394 shares during the period. Finally, Ieq Capital LLC raised its stake in iShares U.S. Technology ETF by 0.8% in the 2nd quarter. Ieq Capital LLC now owns 20,844 shares of the exchange traded fund’s stock valued at $3,612,000 after acquiring an additional 166 shares during the period. 57.65% of the stock is owned by institutional investors.

iShares U.S. Technology ETF Price Performance

IYW stock opened at $252.92 on Friday. The company has a fifty day moving average price of $213.24 and a two-hundred day moving average price of $202.60. iShares U.S. Technology ETF has a one year low of $155.68 and a one year high of $254.27. The stock has a market cap of $24.87 billion, a price-to-earnings ratio of 34.95 and a beta of 1.33.

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.