iShares U.S. Tech Independence Focused ETF $IETC Shares Bought by Trek Financial LLC

Trek Financial LLC lifted its stake in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 24.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,968 shares of the company’s stock after purchasing an additional 13,441 shares during the quarter. Trek Financial LLC’s holdings in iShares U.S. Tech Independence Focused ETF were worth $6,928,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Royal Bank of Canada raised its position in iShares U.S. Tech Independence Focused ETF by 32.7% during the 1st quarter. Royal Bank of Canada now owns 5,535 shares of the company’s stock worth $415,000 after buying an additional 1,365 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in iShares U.S. Tech Independence Focused ETF during the first quarter worth about $1,089,000. Wealth Enhancement Advisory Services LLC acquired a new stake in iShares U.S. Tech Independence Focused ETF in the second quarter valued at about $234,000. HB Wealth Management LLC purchased a new stake in iShares U.S. Tech Independence Focused ETF in the 2nd quarter valued at approximately $235,000. Finally, Apexium Financial LP increased its position in iShares U.S. Tech Independence Focused ETF by 323.8% during the 2nd quarter. Apexium Financial LP now owns 66,932 shares of the company’s stock worth $6,292,000 after purchasing an additional 51,139 shares during the period.

iShares U.S. Tech Independence Focused ETF Stock Up 19.1%

Shares of iShares U.S. Tech Independence Focused ETF stock traded up $16.08 during trading on Friday, reaching $100.07. The company’s stock had a trading volume of 63,717 shares, compared to its average volume of 48,987. The business has a 50 day moving average price of $101.61 and a 200-day moving average price of $100.76. The company has a market capitalization of $720.53 million, a P/E ratio of 37.47 and a beta of 1.18. iShares U.S. Tech Independence Focused ETF has a 12-month low of $64.06 and a 12-month high of $98.03.

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.