Mascagni Wealth Management Inc. Buys Shares of 4,840 iShares U.S. Tech Independence Focused ETF $IETC

Mascagni Wealth Management Inc. acquired a new position in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,840 shares of the company’s stock, valued at approximately $455,000. Mascagni Wealth Management Inc. owned approximately 0.07% of iShares U.S. Tech Independence Focused ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kozak & Associates Inc. grew its position in iShares U.S. Tech Independence Focused ETF by 0.5% during the 2nd quarter. Kozak & Associates Inc. now owns 682,461 shares of the company’s stock worth $65,209,000 after acquiring an additional 3,267 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in iShares U.S. Tech Independence Focused ETF during the first quarter worth about $17,260,000. Gradient Investments LLC grew its holdings in iShares U.S. Tech Independence Focused ETF by 16.3% during the second quarter. Gradient Investments LLC now owns 123,960 shares of the company’s stock valued at $11,652,000 after purchasing an additional 17,410 shares during the period. Raymond James Financial Inc. raised its stake in shares of iShares U.S. Tech Independence Focused ETF by 3.5% in the first quarter. Raymond James Financial Inc. now owns 84,729 shares of the company’s stock valued at $6,350,000 after buying an additional 2,865 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of iShares U.S. Tech Independence Focused ETF during the 1st quarter valued at $5,647,000.

iShares U.S. Tech Independence Focused ETF Stock Up 24.6%

BATS IETC opened at $104.68 on Thursday. The firm’s 50-day simple moving average is $102.27 and its two-hundred day simple moving average is $94.73. iShares U.S. Tech Independence Focused ETF has a 52 week low of $64.06 and a 52 week high of $98.03. The company has a market cap of $753.70 million, a PE 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.