Envestnet Asset Management Inc. Invests $713,000 in iShares U.S. Tech Independence Focused ETF (BATS:IETC)

Envestnet Asset Management Inc. acquired a new stake in iShares U.S. Tech Independence Focused ETF (BATS:IETC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,356 shares of the company’s stock, valued at approximately $713,000. Envestnet Asset Management Inc. owned 0.24% of iShares U.S. Tech Independence Focused ETF at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LPL Financial LLC lifted its position in iShares U.S. Tech Independence Focused ETF by 97.1% during the fourth quarter. LPL Financial LLC now owns 36,377 shares of the company’s stock valued at $3,104,000 after buying an additional 17,925 shares during the period. Sanctuary Advisors LLC boosted its stake in iShares U.S. Tech Independence Focused ETF by 16.4% during the 4th quarter. Sanctuary Advisors LLC now owns 4,582 shares of the company’s stock valued at $397,000 after purchasing an additional 645 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares U.S. Tech Independence Focused ETF during the fourth quarter valued at $6,985,000. JPMorgan Chase & Co. boosted its holdings in iShares U.S. Tech Independence Focused ETF by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 23,401 shares of the company’s stock worth $1,834,000 after purchasing an additional 4,259 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF in the fourth quarter worth $1,986,000.

iShares U.S. Tech Independence Focused ETF Price Performance

Shares of iShares U.S. Tech Independence Focused ETF stock opened at $81.33 on Friday. The company’s fifty day simple moving average is $76.09 and its 200-day simple moving average is $81.89. The stock has a market capitalization of $455.43 million, a PE ratio of 35.28 and a beta of 1.18. iShares U.S. Tech Independence Focused ETF has a 1-year low of $64.06 and a 1-year high of $90.20.

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.