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

Northwestern Mutual Wealth Management Co. lowered its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 394,891 shares of the exchange traded fund’s stock after selling 31,560 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Technology ETF were worth $78,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in IYW. Savant Capital LLC increased its position in iShares U.S. Technology ETF by 0.8% during the 4th quarter. Savant Capital LLC now owns 13,327 shares of the exchange traded fund’s stock worth $2,661,000 after buying an additional 101 shares during the period. Moors & Cabot Inc. boosted its position in shares of iShares U.S. Technology ETF by 4.9% in the fourth quarter. Moors & Cabot Inc. now owns 7,343 shares of the exchange traded fund’s stock valued at $1,466,000 after acquiring an additional 344 shares during the period. Godfrey Financial Associates Inc. bought a new stake in shares of iShares U.S. Technology ETF in the fourth quarter valued at about $523,000. Swmg LLC grew its stake in shares of iShares U.S. Technology ETF by 45.2% in the fourth quarter. Swmg LLC now owns 29,590 shares of the exchange traded fund’s stock valued at $5,725,000 after acquiring an additional 9,211 shares in the last quarter. Finally, Ciovacco Capital Management LLC increased its position in iShares U.S. Technology ETF by 2.2% during the fourth quarter. Ciovacco Capital Management LLC now owns 41,568 shares of the exchange traded fund’s stock worth $8,300,000 after acquiring an additional 912 shares during the period. 57.65% of the stock is currently owned by institutional investors.

iShares U.S. Technology ETF Stock Up 1.4%

NYSEARCA IYW opened at $252.92 on Friday. The firm has a 50-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 12-month low of $155.68 and a 12-month high of $254.27. The company has a market capitalization of $24.87 billion, a P/E 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.