Gradient Investments LLC trimmed its stake in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC – Free Report) by 73.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 223,515 shares of the company’s stock after selling 634,485 shares during the period. Gradient Investments LLC owned approximately 3.10% of iShares U.S. Tech Independence Focused ETF worth $25,514,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IETC. Oakwell Private Wealth Management LLC raised its stake in iShares U.S. Tech Independence Focused ETF by 101.3% during the 1st quarter. Oakwell Private Wealth Management LLC now owns 52,534 shares of the company’s stock valued at $4,643,000 after buying an additional 26,434 shares during the last quarter. Citadel Advisors LLC boosted its position in iShares U.S. Tech Independence Focused ETF by 170.2% in the second quarter. Citadel Advisors LLC now owns 38,686 shares of the company’s stock worth $4,153,000 after purchasing an additional 24,370 shares during the last quarter. Liberty One Investment Management LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF during the 1st quarter valued at about $1,660,000. Royal Bank of Canada grew its stake 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 valued at $3,617,000 after purchasing an additional 18,763 shares during the period. Finally, Artesa Financial Group LLC purchased a new stake in shares of iShares U.S. Tech Independence Focused ETF during the 4th quarter valued at about $1,746,000.
iShares U.S. Tech Independence Focused ETF Price Performance
Shares of BATS:IETC traded down $2.54 during trading on Thursday, hitting $115.63. The company’s stock had a trading volume of 4,145 shares, compared to its average volume of 51,548. The firm has a market cap of $832.53 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. The company has a 50-day moving average of $110.45 and a 200-day moving average of $105.43. iShares U.S. Tech Independence Focused ETF has a 12 month low of $84.32 and a 12 month high of $119.00.
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. 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.
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