iShares U.S. Tech Independence Focused ETF $IETC Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its stake in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 70.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 21,624 shares of the company’s stock after purchasing an additional 8,922 shares during the period. Assetmark Inc.’s holdings in iShares U.S. Tech Independence Focused ETF were worth $2,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Financial Partners Group Inc lifted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 2.6% during the second quarter. Financial Partners Group Inc now owns 4,234 shares of the company’s stock worth $398,000 after purchasing an additional 109 shares during the period. Sutton Place Investors LLC lifted its holdings in iShares U.S. Tech Independence Focused ETF by 0.4% in the second quarter. Sutton Place Investors LLC now owns 27,491 shares of the company’s stock valued at $2,584,000 after acquiring an additional 116 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in iShares U.S. Tech Independence Focused ETF by 2.4% in the first quarter. Moloney Securities Asset Management LLC now owns 7,735 shares of the company’s stock valued at $580,000 after acquiring an additional 184 shares during the period. Cetera Investment Advisers lifted its holdings in iShares U.S. Tech Independence Focused ETF by 10.7% in the first quarter. Cetera Investment Advisers now owns 3,261 shares of the company’s stock valued at $244,000 after acquiring an additional 315 shares during the period. Finally, Financial Perspectives Inc lifted its holdings in iShares U.S. Tech Independence Focused ETF by 4.5% in the second quarter. Financial Perspectives Inc now owns 10,708 shares of the company’s stock valued at $1,007,000 after acquiring an additional 463 shares during the period.

iShares U.S. Tech Independence Focused ETF Stock Performance

iShares U.S. Tech Independence Focused ETF stock opened at $104.51 on Wednesday. iShares U.S. Tech Independence Focused ETF has a one year low of $64.06 and a one year high of $98.03. The business has a fifty day moving average of $102.12 and a two-hundred day moving average of $94.66. The company has a market cap of $752.49 million, a P/E ratio of 37.47 and a beta of 1.18.

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.