iShares U.S. Tech Independence Focused ETF $IETC Stock Sold by Gradient Investments LLC

Gradient Investments LLC lowered its stake in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 73.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 223,515 shares of the company’s stock after selling 634,485 shares during the quarter. Gradient Investments LLC’s holdings in iShares U.S. Tech Independence Focused ETF were worth $25,514,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IETC. Liberty One Investment Management LLC bought a new position in iShares U.S. Tech Independence Focused ETF in the 1st quarter worth $1,660,000. Oakwell Private Wealth Management LLC raised its holdings in iShares U.S. Tech Independence Focused ETF by 101.3% during the first quarter. Oakwell Private Wealth Management LLC now owns 52,534 shares of the company’s stock valued at $4,643,000 after acquiring an additional 26,434 shares during the period. Paladin Wealth LLC raised its holdings in iShares U.S. Tech Independence Focused ETF by 21.0% during the second quarter. Paladin Wealth LLC now owns 26,617 shares of the company’s stock valued at $2,857,000 after acquiring an additional 4,615 shares during the period. Royal Bank of Canada lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 84.7% in the first quarter. Royal Bank of Canada now owns 40,924 shares of the company’s stock valued at $3,617,000 after acquiring an additional 18,763 shares in the last quarter. Finally, Vestor Capital LLC lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 2,204.8% in the first quarter. Vestor Capital LLC now owns 11,086 shares of the company’s stock valued at $980,000 after acquiring an additional 10,605 shares in the last quarter.

iShares U.S. Tech Independence Focused ETF Price Performance

Shares of BATS IETC traded down $2.54 during mid-day trading on Thursday, reaching $115.63. The company’s stock had a trading volume of 4,145 shares, compared to its average volume of 51,548. iShares U.S. Tech Independence Focused ETF has a 52 week low of $84.32 and a 52 week high of $119.00. The stock has a fifty day moving average of $110.45 and a two-hundred day moving average of $105.43. The firm has a market capitalization of $832.53 million, a PE ratio of 37.47 and a beta of 1.18.

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.