Assetmark Inc. Boosts Stock Position in iShares U.S. Tech Independence Focused ETF $IETC

Assetmark Inc. raised its position in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 928.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,468 shares of the company’s stock after buying an additional 189,094 shares during the quarter. Assetmark Inc. owned about 2.91% of iShares U.S. Tech Independence Focused ETF worth $21,280,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in IETC. Parkside Financial Bank & Trust bought a new stake in shares of iShares U.S. Tech Independence Focused ETF in the third quarter valued at $30,000. Sound Income Strategies LLC raised its stake in shares of iShares U.S. Tech Independence Focused ETF by 68.8% in the third quarter. Sound Income Strategies LLC now owns 297 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the period. IFP Advisors Inc raised its stake in shares of iShares U.S. Tech Independence Focused ETF by 688.9% in the third quarter. IFP Advisors Inc now owns 355 shares of the company’s stock valued at $36,000 after buying an additional 310 shares during the period. CIBC Private Wealth Group LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF in the third quarter valued at $64,000. Finally, Advisory Services Network LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF in the third quarter valued at $117,000.

iShares U.S. Tech Independence Focused ETF Stock Performance

Shares of IETC opened at $98.54 on Thursday. The stock’s 50-day simple moving average is $91.66 and its 200 day simple moving average is $98.40. The stock has a market capitalization of $709.49 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. iShares U.S. Tech Independence Focused ETF has a 52-week low of $68.74 and a 52-week high of $108.47.

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. The market cap-weighted fund targets an increased exposure to firms with high Technology Independence Score. IETC was launched on Mar 21, 2018 and is managed by BlackRock.