17,190 Shares in iShares U.S. Tech Independence Focused ETF $IETC Bought by Artesa Financial Group LLC

Artesa Financial Group LLC purchased a new position in iShares U.S. Tech Independence Focused ETF (BATS:IETC) in the fourth quarter, Holdings Channel.com reports. The fund purchased 17,190 shares of the company’s stock, valued at approximately $1,746,000. iShares U.S. Tech Independence Focused ETF comprises 1.8% of Artesa Financial Group LLC’s portfolio, making the stock its 16th largest position.

A number of other institutional investors have also added to or reduced their stakes in IETC. Royal Bank of Canada raised its holdings in iShares U.S. Tech Independence Focused ETF by 32.7% in the first quarter. Royal Bank of Canada now owns 5,535 shares of the company’s stock worth $415,000 after purchasing an additional 1,365 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in iShares U.S. Tech Independence Focused ETF in the first quarter worth $1,089,000. Cetera Investment Advisers raised its holdings in iShares U.S. Tech Independence Focused ETF by 11.1% in the second quarter. Cetera Investment Advisers now owns 3,622 shares of the company’s stock worth $340,000 after purchasing an additional 361 shares in the last quarter. NewEdge Advisors LLC raised its holdings in iShares U.S. Tech Independence Focused ETF by 1,012.8% in the second quarter. NewEdge Advisors LLC now owns 6,677 shares of the company’s stock worth $628,000 after purchasing an additional 6,077 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in iShares U.S. Tech Independence Focused ETF by 0.9% in the second quarter. Raymond James Financial Inc. now owns 85,517 shares of the company’s stock worth $8,039,000 after purchasing an additional 788 shares in the last quarter.

iShares U.S. Tech Independence Focused ETF Trading Down 1.5%

IETC opened at $106.83 on Wednesday. The stock has a fifty day simple moving average of $102.80 and a two-hundred day simple moving average of $99.31. The company has a market cap of $769.18 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. iShares U.S. Tech Independence Focused ETF has a 12-month low of $84.32 and a 12-month high of $118.70.

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.