Oakwell Private Wealth Management LLC Purchases 26,434 Shares of iShares U.S. Tech Independence Focused ETF $IETC

Oakwell Private Wealth Management LLC lifted its position in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 101.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,534 shares of the company’s stock after purchasing an additional 26,434 shares during the quarter. iShares U.S. Tech Independence Focused ETF accounts for about 0.8% of Oakwell Private Wealth Management LLC’s holdings, making the stock its 19th largest holding. Oakwell Private Wealth Management LLC’s holdings in iShares U.S. Tech Independence Focused ETF were worth $4,643,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Financial Perspectives Inc raised its holdings in shares of iShares U.S. Tech Independence Focused ETF by 1.3% during the 4th quarter. Financial Perspectives Inc now owns 10,859 shares of the company’s stock valued at $1,103,000 after buying an additional 137 shares in the last quarter. Sound Income Strategies LLC lifted its position in iShares U.S. Tech Independence Focused ETF by 48.8% in the 4th quarter. Sound Income Strategies LLC now owns 442 shares of the company’s stock worth $45,000 after buying an additional 145 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in 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. Creative Planning boosted its stake in iShares U.S. Tech Independence Focused ETF by 3.8% in the third quarter. Creative Planning now owns 5,464 shares of the company’s stock worth $557,000 after buying an additional 199 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in iShares U.S. Tech Independence Focused ETF by 219.8% during the fourth quarter. Harbour Investments Inc. now owns 291 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter.

iShares U.S. Tech Independence Focused ETF Price Performance

BATS IETC traded up $0.10 on Friday, reaching $107.49. 23,948 shares of the company’s stock traded hands, compared to its average volume of 62,359. The stock has a market cap of $773.93 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. The stock has a 50-day simple moving average of $107.52 and a 200 day simple moving average of $100.05.

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.