JPMorgan Chase & Co. Buys 72,280 Shares of iShares U.S. Tech Independence Focused ETF $IETC

JPMorgan Chase & Co. grew its stake in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 228.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,959 shares of the company’s stock after purchasing an additional 72,280 shares during the period. JPMorgan Chase & Co. owned about 1.44% of iShares U.S. Tech Independence Focused ETF worth $9,772,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nova Wealth Management Inc. acquired a new stake in iShares U.S. Tech Independence Focused ETF during the first quarter worth about $71,000. Hoese & Co LLP bought a new stake in shares of iShares U.S. Tech Independence Focused ETF in the 2nd quarter worth approximately $110,000. Bessemer Group Inc. acquired a new stake in shares of iShares U.S. Tech Independence Focused ETF during the 2nd quarter worth approximately $204,000. Cascade Financial Partners LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF during the second quarter valued at approximately $212,000. Finally, Western Wealth Management LLC acquired a new position in shares of iShares U.S. Tech Independence Focused ETF in the second quarter valued at $212,000.

iShares U.S. Tech Independence Focused ETF Price Performance

IETC opened at $105.38 on Wednesday. iShares U.S. Tech Independence Focused ETF has a fifty-two week low of $64.06 and a fifty-two week high of $98.03. The firm’s fifty day moving average price is $102.74 and its two-hundred day moving average price is $98.22. The company has a market capitalization of $758.75 million, a P/E ratio of 37.47 and a beta of 1.18.

About iShares U.S. Tech Independence Focused ETF

The iShares Evolved U.S. Technology ETF (IETC) is an exchange-traded fund that is based on the MSCI USA IMI Information Technology index. The fund is an actively managed fund of US stocks in the information technology sector according to an alternative classification system defined by machine learning algorithms.