Gradient Investments LLC Has $92.11 Million Position in iShares U.S. Tech Independence Focused ETF $IETC

Gradient Investments LLC increased its holdings in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 18.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 858,000 shares of the company’s stock after purchasing an additional 133,543 shares during the period. iShares U.S. Tech Independence Focused ETF makes up 1.3% of Gradient Investments LLC’s portfolio, making the stock its 15th biggest position. Gradient Investments LLC owned approximately 11.92% of iShares U.S. Tech Independence Focused ETF worth $92,106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC increased 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. Assetmark Inc. lifted its stake in iShares U.S. Tech Independence Focused ETF by 928.1% in the fourth quarter. Assetmark Inc. now owns 209,468 shares of the company’s stock valued at $21,280,000 after buying an additional 189,094 shares in the last quarter. Two Sigma Investments LP lifted its stake 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 buying an additional 70,600 shares in the last quarter. Raymond James Financial Inc. boosted its holdings 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 valued at $8,039,000 after buying an additional 788 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 20.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 81,511 shares of the company’s stock valued at $8,281,000 after buying an additional 13,626 shares during the period.

iShares U.S. Tech Independence Focused ETF Stock Up 1.6%

Shares of IETC stock opened at $110.31 on Friday. iShares U.S. Tech Independence Focused ETF has a 12-month low of $84.32 and a 12-month high of $118.70. The firm has a fifty day moving average of $106.15 and a 200-day moving average of $100.25. The company has a market capitalization of $794.23 million, a price-to-earnings ratio of 37.47 and a beta of 1.18.

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.