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

Gradient Investments LLC grew its holdings in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 673,735 shares of the company’s stock after acquiring an additional 49,147 shares during the quarter. iShares U.S. Tech Independence Focused ETF accounts for 1.1% of Gradient Investments LLC’s holdings, making the stock its 20th biggest position. Gradient Investments LLC owned 0.09% of iShares U.S. Tech Independence Focused ETF worth $68,445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in shares of iShares U.S. Tech Independence Focused ETF by 32.7% in the 1st quarter. Royal Bank of Canada now owns 5,535 shares of the company’s stock valued at $415,000 after purchasing an additional 1,365 shares during the period. Goldman Sachs Group Inc. acquired a new stake in iShares U.S. Tech Independence Focused ETF during the first quarter worth approximately $1,089,000. Cetera Investment Advisers increased its holdings in iShares U.S. Tech Independence Focused ETF by 11.1% in the second quarter. Cetera Investment Advisers now owns 3,622 shares of the company’s stock worth $340,000 after purchasing an additional 361 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in iShares U.S. Tech Independence Focused ETF by 228.2% in the second quarter. JPMorgan Chase & Co. now owns 103,959 shares of the company’s stock worth $9,772,000 after purchasing an additional 72,280 shares in the last quarter. Finally, Vestor Capital LLC acquired a new position in iShares U.S. Tech Independence Focused ETF in the second quarter valued at approximately $191,000.

iShares U.S. Tech Independence Focused ETF Stock Performance

iShares U.S. Tech Independence Focused ETF stock opened at $89.95 on Monday. The stock has a market capitalization of $647.64 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 $64.06 and a 52-week high of $108.47. The stock’s 50 day moving average price is $94.83 and its two-hundred day moving average price is $99.72.

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.