iShares U.S. Tech Independence Focused ETF $IETC Stock: Oppenheimer & Co. Inc. Lowers Holdings

Oppenheimer & Co. Inc. lessened its holdings in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 99.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,010 shares of the company’s stock after selling 351,585 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares U.S. Tech Independence Focused ETF were worth $229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. NewEdge Advisors LLC raised its position in shares of iShares U.S. Tech Independence Focused ETF by 25.0% in the 1st quarter. NewEdge Advisors LLC now owns 750 shares of the company’s stock valued at $66,000 after purchasing an additional 150 shares in the last quarter. Patriot Investment Management Group Inc. boosted its stake in shares of iShares U.S. Tech Independence Focused ETF by 2.8% during the 3rd quarter. Patriot Investment Management Group Inc. now owns 11,275 shares of the company’s stock valued at $1,287,000 after buying an additional 305 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of iShares U.S. Tech Independence Focused ETF by 10.6% during the first quarter. Janney Montgomery Scott LLC now owns 3,886 shares of the company’s stock worth $343,000 after buying an additional 372 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of iShares U.S. Tech Independence Focused ETF by 1,111.1% during the third quarter. Farther Finance Advisors LLC now owns 436 shares of the company’s stock worth $50,000 after buying an additional 400 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of iShares U.S. Tech Independence Focused ETF by 92.5% during the third quarter. IFP Advisors Inc now owns 1,074 shares of the company’s stock worth $123,000 after buying an additional 516 shares in the last quarter.

iShares U.S. Tech Independence Focused ETF Trading Up 2.0%

Shares of BATS:IETC opened at $93.70 on Friday. The company has a fifty day simple moving average of $109.64 and a 200 day simple moving average of $103.25. The firm has a market cap of $674.64 million, a PE ratio of 37.47 and a beta of 1.18. iShares U.S. Tech Independence Focused ETF has a 12-month low of $84.32 and a 12-month high of $119.00.

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.