GeoWealth Management LLC raised its stake in iShares U.S. Tech Independence Focused ETF (BATS:IETC – Free Report) by 143.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,695 shares of the company’s stock after acquiring an additional 29,316 shares during the quarter. GeoWealth Management LLC’s holdings in iShares U.S. Tech Independence Focused ETF were worth $4,671,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in IETC. Steward Partners Investment Advisory LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF during the 2nd quarter valued at approximately $25,000. Nova Wealth Management Inc. bought a new stake in shares of iShares U.S. Tech Independence Focused ETF during the first quarter worth $71,000. Hoese & Co LLP bought a new stake in shares of iShares U.S. Tech Independence Focused ETF during the second quarter worth $110,000. Vestor Capital LLC acquired a new position in shares of iShares U.S. Tech Independence Focused ETF during the second quarter worth $191,000. Finally, Bessemer Group Inc. bought a new position in shares of iShares U.S. Tech Independence Focused ETF in the 2nd quarter valued at $204,000.
iShares U.S. Tech Independence Focused ETF Stock Up 23.0%
BATS IETC opened at $103.27 on Friday. iShares U.S. Tech Independence Focused ETF has a twelve month low of $64.06 and a twelve month high of $98.03. The company has a market cap of $743.52 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. The business’s fifty day moving average is $102.54 and its 200 day moving average is $97.67.
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.
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