iShares U.S. Tech Independence Focused ETF (BATS:IETC) Shares Climb 0.3% – Time to Buy?

iShares U.S. Tech Independence Focused ETF (BATS:IETC) were up 0.3% during mid-day trading on Tuesday. The company traded as high as $114.33 and last traded at $113.78. 9,616 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 53,109 shares. The stock had previously closed at $113.42.

iShares U.S. Tech Independence Focused ETF Stock Up 0.3%

The company has a market capitalization of $819.22 million, a P/E ratio of 37.47 and a beta of 1.18. The company’s 50-day simple moving average is $108.53 and its 200 day simple moving average is $104.40.

Institutional Investors Weigh In On iShares U.S. Tech Independence Focused ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Gradient Investments LLC raised its stake in shares of iShares U.S. Tech Independence Focused ETF by 18.4% in the 2nd quarter. Gradient Investments LLC now owns 858,000 shares of the company’s stock valued at $92,106,000 after acquiring an additional 133,543 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in iShares U.S. Tech Independence Focused ETF by 20.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 81,511 shares of the company’s stock worth $8,281,000 after purchasing an additional 13,626 shares during the period. Oakwell Private Wealth Management LLC boosted its position in iShares U.S. Tech Independence Focused ETF by 101.3% during the first 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 during the period. Mattson Financial Services LLC grew its holdings in iShares U.S. Tech Independence Focused ETF by 8.5% during the fourth quarter. Mattson Financial Services LLC now owns 44,137 shares of the company’s stock valued at $4,484,000 after purchasing an additional 3,444 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in iShares U.S. Tech Independence Focused ETF by 170.2% during the second quarter. Citadel Advisors LLC now owns 38,686 shares of the company’s stock valued at $4,153,000 after purchasing an additional 24,370 shares during the last quarter.

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. 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.