Raymond James Financial Services Advisors Inc. Acquires 428 Shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC)

Raymond James Financial Services Advisors Inc. boosted its position in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 5.2% during the 4th quarter, HoldingsChannel reports. The firm owned 8,629 shares of the company’s stock after buying an additional 428 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in iShares U.S. Tech Independence Focused ETF were worth $538,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IETC. Atria Wealth Solutions Inc. purchased a new position in iShares U.S. Tech Independence Focused ETF during the 1st quarter worth $1,120,000. Captrust Financial Advisors purchased a new position in iShares U.S. Tech Independence Focused ETF during the 1st quarter worth $46,000. Royal Bank of Canada increased its holdings in iShares U.S. Tech Independence Focused ETF by 1,544.6% during the 1st quarter. Royal Bank of Canada now owns 53,630 shares of the company’s stock worth $2,959,000 after purchasing an additional 50,369 shares during the period. Citadel Advisors LLC increased its holdings in iShares U.S. Tech Independence Focused ETF by 81.0% during the 2nd quarter. Citadel Advisors LLC now owns 42,444 shares of the company’s stock worth $1,795,000 after purchasing an additional 18,997 shares during the period. Finally, Creative Planning increased its holdings in iShares U.S. Tech Independence Focused ETF by 105.6% during the 2nd quarter. Creative Planning now owns 8,784 shares of the company’s stock worth $372,000 after purchasing an additional 4,512 shares during the period.

iShares U.S. Tech Independence Focused ETF Price Performance

IETC opened at $67.18 on Friday. The business’s 50 day moving average price is $69.68 and its two-hundred day moving average price is $63.04. The stock has a market cap of $184.75 million, a P/E ratio of 33.55 and a beta of 1.12.

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.