Ibex Wealth Advisors Takes Position in iShares U.S. Tech Independence Focused ETF $IETC

Ibex Wealth Advisors acquired a new stake in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,504 shares of the company’s stock, valued at approximately $663,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in iShares U.S. Tech Independence Focused ETF by 32.7% during the 1st quarter. Royal Bank of Canada now owns 5,535 shares of the company’s stock worth $415,000 after acquiring an additional 1,365 shares during the period. Goldman Sachs Group Inc. purchased a new position in iShares U.S. Tech Independence Focused ETF during the first quarter valued at approximately $1,089,000. Cetera Investment Advisers boosted 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 period. NewEdge Advisors LLC boosted 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 period. Finally, Raymond James Financial Inc. increased its stake 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 in the last quarter.

iShares U.S. Tech Independence Focused ETF Price Performance

Shares of BATS IETC opened at $107.49 on Friday. The stock has a market cap of $773.93 million, a PE 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. The firm has a fifty day moving average price of $107.52 and a 200-day moving average price of $100.05.

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.