Vestor Capital LLC raised its holdings in iShares U.S. Tech Independence Focused ETF (BATS:IETC – Free Report) by 2,204.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,086 shares of the company’s stock after buying an additional 10,605 shares during the period. Vestor Capital LLC’s holdings in iShares U.S. Tech Independence Focused ETF were worth $980,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of IETC. Assetmark Inc. increased its position in shares of iShares U.S. Tech Independence Focused ETF by 928.1% during the fourth quarter. Assetmark Inc. now owns 209,468 shares of the company’s stock worth $21,280,000 after acquiring an additional 189,094 shares during the period. Two Sigma Investments LP boosted its holdings in iShares U.S. Tech Independence Focused ETF by 403.4% in the third quarter. Two Sigma Investments LP now owns 88,100 shares of the company’s stock valued at $8,980,000 after purchasing an additional 70,600 shares during the period. LPL Financial LLC grew its stake in iShares U.S. Tech Independence Focused ETF by 16.6% during the 4th quarter. LPL Financial LLC now owns 294,702 shares of the company’s stock worth $29,939,000 after purchasing an additional 41,869 shares in the last quarter. Oakwell Private Wealth Management LLC grew its stake in iShares U.S. Tech Independence Focused ETF by 101.3% during the 1st quarter. Oakwell Private Wealth Management LLC now owns 52,534 shares of the company’s stock worth $4,643,000 after purchasing an additional 26,434 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in iShares U.S. Tech Independence Focused ETF by 103.2% during the 4th quarter. Truist Financial Corp now owns 47,376 shares of the company’s stock worth $4,813,000 after purchasing an additional 24,064 shares during the period.
iShares U.S. Tech Independence Focused ETF Price Performance
Shares of BATS IETC opened at $101.26 on Friday. The company has a market cap of $729.07 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. The stock’s 50-day moving average is $106.47 and its two-hundred day moving average is $100.01. 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.
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