Bessemer Group Inc. Makes New $204,000 Investment in iShares U.S. Tech Independence Focused ETF $IETC

Bessemer Group Inc. bought a new position in iShares U.S. Tech Independence Focused ETF (BATS:IETC) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,165 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds have also made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in shares of iShares U.S. Tech Independence Focused ETF during the 1st quarter worth $71,000. Hoese & Co LLP purchased a new stake in shares of iShares U.S. Tech Independence Focused ETF during the 2nd quarter worth $110,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of iShares U.S. Tech Independence Focused ETF during the 2nd quarter worth $234,000. HB Wealth Management LLC purchased a new stake in shares of iShares U.S. Tech Independence Focused ETF during the 2nd quarter worth $235,000. Finally, Signal Advisors Wealth LLC purchased a new stake in shares of iShares U.S. Tech Independence Focused ETF during the 2nd quarter worth $250,000.

iShares U.S. Tech Independence Focused ETF Stock Performance

iShares U.S. Tech Independence Focused ETF stock opened at $107.83 on Tuesday. The stock has a 50-day moving average of $101.98 and a two-hundred day moving average of $94.43. iShares U.S. Tech Independence Focused ETF has a one year low of $64.06 and a one year high of $98.03. The stock has a market cap of $776.40 million, a PE ratio of 37.47 and a beta of 1.18.

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.