Oakwell Private Wealth Management LLC Takes $2.65 Million Position in iShares U.S. Tech Independence Focused ETF $IETC

Oakwell Private Wealth Management LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) during the fourth quarter, Holdings Channel.com reports. The fund bought 26,100 shares of the company’s stock, valued at approximately $2,651,000. iShares U.S. Tech Independence Focused ETF accounts for approximately 0.5% of Oakwell Private Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other large investors have also recently modified their holdings of the stock. Financial Perspectives Inc boosted its stake in iShares U.S. Tech Independence Focused ETF by 1.3% during the fourth quarter. Financial Perspectives Inc now owns 10,859 shares of the company’s stock worth $1,103,000 after acquiring an additional 137 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of iShares U.S. Tech Independence Focused ETF by 48.8% in the fourth quarter. Sound Income Strategies LLC now owns 442 shares of the company’s stock worth $45,000 after buying an additional 145 shares in the last quarter. Richardson Capital Management LLC lifted its stake in shares of iShares U.S. Tech Independence Focused ETF by 14.9% in the third quarter. Richardson Capital Management LLC now owns 1,158 shares of the company’s stock worth $118,000 after buying an additional 150 shares in the last quarter. Comprehensive Financial Planning Inc. PA lifted its stake in shares of iShares U.S. Tech Independence Focused ETF by 3.5% in the third quarter. Comprehensive Financial Planning Inc. PA now owns 4,959 shares of the company’s stock worth $505,000 after buying an additional 166 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of iShares U.S. Tech Independence Focused ETF by 6.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,217 shares of the company’s stock worth $331,000 after buying an additional 183 shares in the last quarter.

iShares U.S. Tech Independence Focused ETF Stock Performance

Shares of BATS IETC opened at $101.07 on Thursday. The firm’s 50 day moving average price is $93.52 and its 200-day moving average price is $98.33. The company has a market cap of $727.70 million, a PE ratio of 37.47 and a beta of 1.18. iShares U.S. Tech Independence Focused ETF has a 52-week low of $76.19 and a 52-week high of $108.47.

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.