Hoese & Co LLP Purchases 7,068 Shares of iShares U.S. Tech Independence Focused ETF $IETC

Hoese & Co LLP lifted its position in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 606.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,233 shares of the company’s stock after purchasing an additional 7,068 shares during the quarter. iShares U.S. Tech Independence Focused ETF accounts for 0.6% of Hoese & Co LLP’s investment portfolio, making the stock its 19th largest holding. Hoese & Co LLP’s holdings in iShares U.S. Tech Independence Focused ETF were worth $839,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Patriot Investment Management Group Inc. increased its stake in iShares U.S. Tech Independence Focused ETF by 7.3% during the 3rd quarter. Patriot Investment Management Group Inc. now owns 11,809 shares of the company’s stock valued at $1,204,000 after purchasing an additional 800 shares in the last quarter. Mascagni Wealth Management Inc. raised its holdings in shares of iShares U.S. Tech Independence Focused ETF by 31.4% in the 3rd quarter. Mascagni Wealth Management Inc. now owns 6,359 shares of the company’s stock worth $648,000 after acquiring an additional 1,519 shares during the last quarter. Paladin Wealth LLC bought a new position in iShares U.S. Tech Independence Focused ETF in the 3rd quarter valued at about $1,479,000. Sound Income Strategies LLC boosted its stake in iShares U.S. Tech Independence Focused ETF by 68.8% during the 3rd quarter. Sound Income Strategies LLC now owns 297 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the last quarter. Finally, Signal Advisors Wealth LLC boosted its stake in iShares U.S. Tech Independence Focused ETF by 27.1% during the 3rd quarter. Signal Advisors Wealth LLC now owns 3,377 shares of the company’s stock valued at $344,000 after purchasing an additional 720 shares during the last quarter.

iShares U.S. Tech Independence Focused ETF Stock Up 23.3%

Shares of iShares U.S. Tech Independence Focused ETF stock opened at $103.56 on Friday. iShares U.S. Tech Independence Focused ETF has a 52 week low of $64.06 and a 52 week high of $98.03. The business has a 50 day moving average price of $102.75 and a 200-day moving average price of $99.39. The company has a market cap of $745.63 million, a PE ratio of 37.47 and a beta of 1.18.

iShares U.S. Tech Independence Focused ETF 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.