iShares U.S. Tech Independence Focused ETF (BATS:IETC) Stock Price Down 0.8% – What’s Next?

iShares U.S. Tech Independence Focused ETF (BATS:IETC)’s share price dropped 0.8% on Thursday . The stock traded as low as $85.16 and last traded at $85.32. Approximately 31,504 shares traded hands during mid-day trading, The stock had previously closed at $86.00.

iShares U.S. Tech Independence Focused ETF Price Performance

The business has a 50-day moving average price of $83.81 and a two-hundred day moving average price of $78.65. The firm has a market cap of $302.89 million, a PE ratio of 42.52 and a beta of 1.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IETC. Aptus Capital Advisors LLC acquired a new position in shares of iShares U.S. Tech Independence Focused ETF in the 3rd quarter valued at approximately $59,000. Mercer Global Advisors Inc. ADV acquired a new position in iShares U.S. Tech Independence Focused ETF during the 2nd quarter worth $263,000. Sanctuary Advisors LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF in the 2nd quarter worth about $289,000. Glen Eagle Advisors LLC raised its stake in shares of iShares U.S. Tech Independence Focused ETF by 11.1% in the 3rd quarter. Glen Eagle Advisors LLC now owns 5,516 shares of the company’s stock valued at $432,000 after purchasing an additional 553 shares in the last quarter. Finally, Lansing Street Advisors lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 5.0% during the third quarter. Lansing Street Advisors now owns 7,456 shares of the company’s stock worth $584,000 after purchasing an additional 357 shares during the last quarter.

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.