iShares U.S. Tech Independence Focused ETF (BATS:IETC) Stock Price Pass Above 200-Day Moving Average – Should You Sell?

iShares U.S. Tech Independence Focused ETF (BATS:IETC) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $76.44 and traded as high as $83.52. iShares U.S. Tech Independence Focused ETF shares last traded at $83.52, with a volume of 86,064 shares changing hands.

iShares U.S. Tech Independence Focused ETF Price Performance

The business’s 50-day simple moving average is $80.92 and its two-hundred day simple moving average is $76.50. The stock has a market capitalization of $301.61 million, a price-to-earnings ratio of 42.52 and a beta of 1.38.

Institutional Trading of iShares U.S. Tech Independence Focused ETF

Several large investors have recently added to or reduced their stakes in the stock. Kozak & Associates Inc. boosted its position in shares of iShares U.S. Tech Independence Focused ETF by 1.4% in the third quarter. Kozak & Associates Inc. now owns 674,967 shares of the company’s stock worth $54,321,000 after buying an additional 9,307 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in iShares U.S. Tech Independence Focused ETF by 13.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 233,125 shares of the company’s stock valued at $18,247,000 after acquiring an additional 27,174 shares in the last quarter. MML Investors Services LLC raised its stake in shares of iShares U.S. Tech Independence Focused ETF by 6.0% during the third quarter. MML Investors Services LLC now owns 92,267 shares of the company’s stock valued at $7,231,000 after purchasing an additional 5,204 shares during the period. Raymond James & Associates lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 5.4% during the third quarter. Raymond James & Associates now owns 73,403 shares of the company’s stock worth $5,753,000 after purchasing an additional 3,768 shares in the last quarter. Finally, Shira Ridge Wealth Management boosted its stake in shares of iShares U.S. Tech Independence Focused ETF by 15.9% in the third quarter. Shira Ridge Wealth Management now owns 21,992 shares of the company’s stock valued at $1,724,000 after purchasing an additional 3,023 shares during the period.

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.