Gradient Investments LLC Has $92.11 Million Position in iShares U.S. Tech Independence Focused ETF $IETC

Gradient Investments LLC increased its position in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 18.4% in the second quarter, Holdings Channel reports. The institutional investor owned 858,000 shares of the company’s stock after buying an additional 133,543 shares during the period. iShares U.S. Tech Independence Focused ETF comprises 1.3% of Gradient Investments LLC’s portfolio, making the stock its 15th biggest holding. Gradient Investments LLC owned 0.12% of iShares U.S. Tech Independence Focused ETF worth $92,106,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC lifted its stake in iShares U.S. Tech Independence Focused ETF by 16.6% in the 4th quarter. LPL Financial LLC now owns 294,702 shares of the company’s stock valued at $29,939,000 after acquiring an additional 41,869 shares in the last quarter. Assetmark Inc. boosted its position in iShares U.S. Tech Independence Focused ETF by 928.1% during the 4th quarter. Assetmark Inc. now owns 209,468 shares of the company’s stock worth $21,280,000 after acquiring an additional 189,094 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of iShares U.S. Tech Independence Focused ETF by 403.4% during the 3rd quarter. Two Sigma Investments LP now owns 88,100 shares of the company’s stock worth $8,980,000 after acquiring an additional 70,600 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of iShares U.S. Tech Independence Focused ETF by 0.9% during the 2nd quarter. Raymond James Financial Inc. now owns 85,517 shares of the company’s stock worth $8,039,000 after acquiring an additional 788 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares U.S. Tech Independence Focused ETF by 20.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 81,511 shares of the company’s stock valued at $8,281,000 after purchasing an additional 13,626 shares during the last quarter.

iShares U.S. Tech Independence Focused ETF Stock Up 1.6%

BATS IETC opened at $110.31 on Friday. The firm’s 50 day moving average is $106.15 and its 200-day moving average is $100.25. The company has a market capitalization of $794.23 million, a PE 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 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.