Northwestern Mutual Wealth Management Co. Sells 11,060 Shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY)

Northwestern Mutual Wealth Management Co. lowered its position in shares of iShares Dow Jones U.S. ETF (NYSEARCA:IYY) by 67.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,258 shares of the company’s stock after selling 11,060 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Dow Jones U.S. ETF were worth $696,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Garde Capital Inc. bought a new position in iShares Dow Jones U.S. ETF during the fourth quarter valued at approximately $108,000. Aspect Partners LLC bought a new stake in shares of iShares Dow Jones U.S. ETF in the fourth quarter worth $273,000. Novak & Powell Financial Services Inc. purchased a new stake in iShares Dow Jones U.S. ETF during the fourth quarter valued at $901,000. Janney Montgomery Scott LLC lifted its holdings in iShares Dow Jones U.S. ETF by 116.8% in the first quarter. Janney Montgomery Scott LLC now owns 5,184 shares of the company’s stock valued at $664,000 after acquiring an additional 2,793 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its position in iShares Dow Jones U.S. ETF by 15.8% in the second quarter. J.W. Cole Advisors Inc. now owns 5,334 shares of the company’s stock worth $706,000 after purchasing an additional 729 shares during the last quarter.

iShares Dow Jones U.S. ETF Stock Down 0.9 %

iShares Dow Jones U.S. ETF stock opened at $138.14 on Tuesday. The business has a 50-day simple moving average of $134.92 and a two-hundred day simple moving average of $131.16. iShares Dow Jones U.S. ETF has a 52-week low of $99.61 and a 52-week high of $139.75. The company has a market cap of $2.06 billion, a P/E ratio of 25.62 and a beta of 1.02.

About iShares Dow Jones U.S. ETF

iShares Dow Jones US ETF, formerly iShares Dow Jones U.S. Index Fund (the Fund), is an exchange-traded 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. Index (the Index). The Index measures the performance of the broad United States equity market, and is consisted of all of the companies in the Dow Jones Large-Cap Index, Dow Jones Mid-Cap Index and Dow Jones Small-Cap Index.