Assetmark Inc. trimmed its position in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC – Free Report) by 97.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,136 shares of the company’s stock after selling 204,332 shares during the period. Assetmark Inc.’s holdings in iShares U.S. Tech Independence Focused ETF were worth $454,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IETC. Harbour Investments Inc. boosted its holdings in iShares U.S. Tech Independence Focused ETF by 219.8% during the 4th quarter. Harbour Investments Inc. now owns 291 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. IFP Advisors Inc boosted its holdings in shares of 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 valued at $36,000 after purchasing 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 grew its stake in iShares U.S. Tech Independence Focused ETF by 48.8% in the fourth quarter. Sound Income Strategies LLC now owns 442 shares of the company’s stock worth $45,000 after purchasing an additional 145 shares in the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in iShares U.S. Tech Independence Focused ETF during the 3rd quarter worth $64,000.
iShares U.S. Tech Independence Focused ETF Price Performance
IETC stock opened at $100.96 on Monday. The business has a 50-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 1-year low of $84.32 and a 1-year high of $118.70. The company has a market capitalization of $726.91 million, a P/E ratio of 37.47 and a beta of 1.18.
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.
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