iShares U.S. Tech Independence Focused ETF (BATS:IETC) Shares Up 0.3% – What’s Next?

Shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) were up 0.3% on Tuesday. The company traded as high as $114.33 and last traded at $113.78. Approximately 9,616 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 53,109 shares. The stock had previously closed at $113.42.

iShares U.S. Tech Independence Focused ETF Trading Up 1.1%

The company has a market capitalization of $830.59 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. The stock’s fifty day simple moving average is $108.74 and its 200-day simple moving average is $104.55.

Institutional Investors Weigh In On iShares U.S. Tech Independence Focused ETF

Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares U.S. Tech Independence Focused ETF by 20.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 81,511 shares of the company’s stock worth $8,281,000 after buying an additional 13,626 shares during the period. Oakwell Private Wealth Management LLC increased its position in shares of iShares U.S. Tech Independence Focused ETF by 101.3% in the 1st quarter. Oakwell Private Wealth Management LLC now owns 52,534 shares of the company’s stock valued at $4,643,000 after purchasing an additional 26,434 shares during the last quarter. Liberty One Investment Management LLC acquired a new stake in shares of iShares U.S. Tech Independence Focused ETF in the 1st quarter valued at $1,660,000. Paladin Wealth LLC raised its holdings in shares of iShares U.S. Tech Independence Focused ETF by 21.0% in the 2nd quarter. Paladin Wealth LLC now owns 26,617 shares of the company’s stock valued at $2,857,000 after purchasing an additional 4,615 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 84.7% during the 1st quarter. Royal Bank of Canada now owns 40,924 shares of the company’s stock worth $3,617,000 after purchasing an additional 18,763 shares during the last quarter.

iShares U.S. Tech Independence Focused ETF Company Profile

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. The market cap-weighted fund targets an increased exposure to firms with high Technology Independence Score. IETC was launched on Mar 21, 2018 and is managed by BlackRock.