Apexium Financial LP Boosts Stake in iShares U.S. Tech Independence Focused ETF $IETC

Apexium Financial LP boosted its stake in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 33.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 89,167 shares of the company’s stock after purchasing an additional 22,235 shares during the period. Apexium Financial LP owned about 1.24% of iShares U.S. Tech Independence Focused ETF worth $9,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new position in iShares U.S. Tech Independence Focused ETF during the second quarter worth $25,000. Parkside Financial Bank & Trust acquired 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 holdings in shares of iShares U.S. Tech Independence Focused ETF by 68.8% in the 3rd 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. Richardson Capital Management LLC raised its holdings in shares of iShares U.S. Tech Independence Focused ETF by 14.9% in the 3rd quarter. Richardson Capital Management LLC now owns 1,158 shares of the company’s stock valued at $118,000 after buying an additional 150 shares during the period. Finally, Vestor Capital LLC acquired a new position in iShares U.S. Tech Independence Focused ETF during the 2nd quarter worth about $191,000.

iShares U.S. Tech Independence Focused ETF Price Performance

Shares of iShares U.S. Tech Independence Focused ETF stock opened at $92.85 on Wednesday. The business has a 50-day moving average of $95.50 and a 200 day moving average of $99.83. iShares U.S. Tech Independence Focused ETF has a 12 month low of $64.06 and a 12 month high of $108.47. The stock has a market capitalization of $668.52 million, a price-to-earnings 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. 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.