Assetmark Inc. Cuts Stock Holdings in iShares U.S. Tech Independence Focused ETF $IETC

Assetmark Inc. cut its holdings in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 97.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,136 shares of the company’s stock after selling 204,332 shares during the period. Assetmark Inc. owned approximately 0.07% of iShares U.S. Tech Independence Focused ETF worth $454,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Harbour Investments Inc. grew its position in iShares U.S. Tech Independence Focused ETF by 219.8% during the fourth quarter. Harbour Investments Inc. now owns 291 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. IFP Advisors Inc raised its position in 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 worth $36,000 after acquiring an additional 310 shares during the period. Capital Analysts LLC bought a new position in iShares U.S. Tech Independence Focused ETF in the fourth quarter worth approximately $36,000. Sound Income Strategies LLC boosted its stake in shares of iShares U.S. Tech Independence Focused ETF by 48.8% during the 4th quarter. Sound Income Strategies LLC now owns 442 shares of the company’s stock worth $45,000 after acquiring an additional 145 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of iShares U.S. Tech Independence Focused ETF during the 3rd quarter worth $64,000.

iShares U.S. Tech Independence Focused ETF Price Performance

BATS:IETC opened at $100.96 on Monday. The firm has a market capitalization of $726.91 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. The business has a fifty day moving average price of $107.05 and a 200-day moving average price of $100.09. iShares U.S. Tech Independence Focused ETF has a one year low of $84.32 and a one year high of $118.70.

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.