Paladin Wealth LLC Buys 4,615 Shares of iShares U.S. Tech Independence Focused ETF $IETC

Paladin Wealth LLC boosted its position in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 21.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,617 shares of the company’s stock after purchasing an additional 4,615 shares during the quarter. iShares U.S. Tech Independence Focused ETF makes up approximately 1.7% of Paladin Wealth LLC’s investment portfolio, making the stock its 14th largest holding. Paladin Wealth LLC’s holdings in iShares U.S. Tech Independence Focused ETF were worth $2,857,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IETC. Harbour Investments Inc. boosted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 219.8% in the 4th quarter. Harbour Investments Inc. now owns 291 shares of the company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. IFP Advisors Inc grew its position in shares of iShares U.S. Tech Independence Focused ETF by 688.9% in the 3rd quarter. IFP Advisors Inc now owns 355 shares of the company’s stock worth $36,000 after buying an additional 310 shares during the last quarter. Capital Analysts LLC bought a new position in shares of iShares U.S. Tech Independence Focused ETF during the 4th quarter worth approximately $36,000. Sound Income Strategies LLC raised its stake in shares of iShares U.S. Tech Independence Focused ETF by 48.8% during the 4th quarter. Sound Income Strategies LLC now owns 442 shares of the company’s stock worth $45,000 after acquiring an additional 145 shares in the last quarter. Finally, CIBC Private Wealth Group LLC bought a new position in shares of iShares U.S. Tech Independence Focused ETF during the 3rd quarter worth approximately $64,000.

iShares U.S. Tech Independence Focused ETF Stock Down 0.2%

BATS:IETC opened at $110.04 on Tuesday. The stock has a market capitalization of $792.29 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. iShares U.S. Tech Independence Focused ETF has a 52 week low of $84.32 and a 52 week high of $118.70. The firm has a 50 day moving average of $105.99 and a 200 day moving average of $100.33.

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.