Raymond James & Associates acquired a new position in iShares U.S. Tech Independence Focused ETF (BATS:IETC – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 38,377 shares of the company’s stock, valued at approximately $2,394,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. UBS Group AG boosted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 239.3% during the third quarter. UBS Group AG now owns 509 shares of the company’s stock valued at $27,000 after acquiring an additional 359 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of iShares U.S. Tech Independence Focused ETF during the third quarter valued at $40,000. Captrust Financial Advisors acquired a new position in shares of iShares U.S. Tech Independence Focused ETF during the first quarter valued at $46,000. Tower Research Capital LLC TRC boosted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 14.1% during the third quarter. Tower Research Capital LLC TRC now owns 8,766 shares of the company’s stock valued at $467,000 after acquiring an additional 1,081 shares during the period. Finally, Creative Planning boosted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 105.6% during the second quarter. Creative Planning now owns 8,784 shares of the company’s stock valued at $372,000 after acquiring an additional 4,512 shares during the period.
iShares U.S. Tech Independence Focused ETF Trading Down 2.1 %
Shares of IETC opened at $68.28 on Tuesday. The firm has a market capitalization of $187.77 million, a P/E ratio of 33.55 and a beta of 1.12. The company’s 50-day moving average price is $69.66 and its two-hundred day moving average price is $62.87.
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.
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Want to see what other hedge funds are holding IETC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Tech Independence Focused ETF (BATS:IETC – Free Report).
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