Artesa Financial Group LLC Takes $1.75 Million Position in iShares U.S. Tech Independence Focused ETF $IETC

Artesa Financial Group LLC purchased a new stake in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 17,190 shares of the company’s stock, valued at approximately $1,746,000. iShares U.S. Tech Independence Focused ETF accounts for 1.8% of Artesa Financial Group LLC’s holdings, making the stock its 16th largest position. Artesa Financial Group LLC owned 0.24% of iShares U.S. Tech Independence Focused ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of iShares U.S. Tech Independence Focused ETF by 32.7% in the first quarter. Royal Bank of Canada now owns 5,535 shares of the company’s stock worth $415,000 after purchasing an additional 1,365 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of iShares U.S. Tech Independence Focused ETF in the first quarter worth approximately $1,089,000. Cetera Investment Advisers increased its position in shares of 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 during the last quarter. NewEdge Advisors LLC increased its position in shares of iShares U.S. Tech Independence Focused ETF by 1,012.8% in the second quarter. NewEdge Advisors LLC now owns 6,677 shares of the company’s stock worth $628,000 after purchasing an additional 6,077 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of iShares U.S. Tech Independence Focused ETF by 0.9% in the second quarter. Raymond James Financial Inc. now owns 85,517 shares of the company’s stock worth $8,039,000 after purchasing an additional 788 shares during the last quarter.

iShares U.S. Tech Independence Focused ETF Trading Down 1.5%

IETC stock opened at $106.83 on Wednesday. The company’s 50 day moving average is $102.80 and its 200 day moving average is $99.31. The stock has a market cap of $769.18 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. iShares U.S. Tech Independence Focused ETF has a 1-year low of $84.32 and a 1-year high of $118.70.

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.