Gradient Investments LLC Has $68.45 Million Position in iShares U.S. Tech Independence Focused ETF $IETC

Gradient Investments LLC lifted its stake in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 7.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 673,735 shares of the company’s stock after purchasing an additional 49,147 shares during the quarter. iShares U.S. Tech Independence Focused ETF accounts for about 1.1% of Gradient Investments LLC’s portfolio, making the stock its 20th largest position. Gradient Investments LLC owned about 9.36% of iShares U.S. Tech Independence Focused ETF worth $68,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new position in iShares U.S. Tech Independence Focused ETF in the 2nd quarter valued at approximately $25,000. Parkside Financial Bank & Trust bought a new stake in shares of iShares U.S. Tech Independence Focused ETF during the third quarter worth $30,000. Sound Income Strategies LLC grew its stake in shares of iShares U.S. Tech Independence Focused ETF by 68.8% during the third quarter. Sound Income Strategies LLC now owns 297 shares of the company’s stock worth $31,000 after buying an additional 121 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of iShares U.S. Tech Independence Focused ETF by 688.9% during the third quarter. IFP Advisors Inc now owns 355 shares of the company’s stock worth $36,000 after buying an additional 310 shares in the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of iShares U.S. Tech Independence Focused ETF during the third quarter worth $64,000.

iShares U.S. Tech Independence Focused ETF Stock Performance

Shares of IETC opened at $89.95 on Monday. iShares U.S. Tech Independence Focused ETF has a 52 week low of $64.06 and a 52 week high of $108.47. The stock has a market capitalization of $647.64 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. The stock has a fifty day moving average of $94.83 and a 200-day moving average of $99.72.

About iShares U.S. Tech Independence Focused ETF

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.