Kozak & Associates Inc. Sells 189,328 Shares of iShares U.S. Tech Independence Focused ETF $IETC

Kozak & Associates Inc. lowered its stake in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 29.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 464,639 shares of the company’s stock after selling 189,328 shares during the period. iShares U.S. Tech Independence Focused ETF comprises about 8.5% of Kozak & Associates Inc.’s portfolio, making the stock its largest holding. Kozak & Associates Inc. owned 6.45% of iShares U.S. Tech Independence Focused ETF worth $49,182,000 as of its most recent filing with the SEC.

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

iShares U.S. Tech Independence Focused ETF Trading Up 2.3%

iShares U.S. Tech Independence Focused ETF stock opened at $105.26 on Tuesday. iShares U.S. Tech Independence Focused ETF has a 12 month low of $84.32 and a 12 month high of $118.70. The stock’s 50 day simple moving average is $106.30 and its two-hundred day simple moving average is $100.02. The firm has a market cap of $757.87 million, a PE 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.