Apexium Financial LP Buys New Stake in iShares U.S. Tech Independence Focused ETF $IETC

Apexium Financial LP bought a new stake in iShares U.S. Tech Independence Focused ETF (BATS:IETC) during the first quarter, Holdings Channel.com reports. The fund bought 15,793 shares of the company’s stock, valued at approximately $1,184,000.

A number of other hedge funds have also recently modified their holdings of the stock. Kozak & Associates Inc. grew its position in shares of iShares U.S. Tech Independence Focused ETF by 2.5% in the 1st quarter. Kozak & Associates Inc. now owns 679,194 shares of the company’s stock valued at $50,254,000 after buying an additional 16,405 shares during the last quarter. Gradient Investments LLC acquired a new stake in iShares U.S. Tech Independence Focused ETF during the 1st quarter worth $7,985,000. Raymond James Financial Inc. boosted its stake in iShares U.S. Tech Independence Focused ETF by 3.5% during the 1st quarter. Raymond James Financial Inc. now owns 84,729 shares of the company’s stock worth $6,350,000 after purchasing an additional 2,865 shares during the period. LPL Financial LLC boosted its stake in iShares U.S. Tech Independence Focused ETF by 60.2% during the 1st quarter. LPL Financial LLC now owns 58,279 shares of the company’s stock worth $4,367,000 after purchasing an additional 21,902 shares during the period. Finally, Trek Financial LLC acquired a new stake in iShares U.S. Tech Independence Focused ETF during the 1st quarter worth $3,400,000.

iShares U.S. Tech Independence Focused ETF Price Performance

Shares of BATS:IETC opened at $97.01 on Friday. The stock has a market cap of $698.47 million, a P/E ratio of 37.47 and a beta of 1.18. The firm has a fifty day moving average price of $95.58 and a 200 day moving average price of $86.24. iShares U.S. Tech Independence Focused ETF has a 1-year low of $64.06 and a 1-year high of $98.0290.

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.