iShares U.S. Tech Independence Focused ETF $IETC Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,511 shares of the company’s stock after acquiring an additional 13,626 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Tech Independence Focused ETF were worth $8,281,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Harbour Investments Inc. boosted its position 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 acquiring an additional 200 shares during the last quarter. IFP Advisors Inc raised its holdings in iShares U.S. Tech Independence Focused ETF by 688.9% in the third quarter. IFP Advisors Inc now owns 355 shares of the company’s stock valued at $36,000 after buying an additional 310 shares during the period. Sound Income Strategies LLC raised its holdings in iShares U.S. Tech Independence Focused ETF by 48.8% in the fourth quarter. Sound Income Strategies LLC now owns 442 shares of the company’s stock valued at $45,000 after buying an additional 145 shares during the period. CIBC Private Wealth Group LLC purchased a new position in iShares U.S. Tech Independence Focused ETF in the third quarter valued at approximately $64,000. Finally, Activest Wealth Management purchased a new position in iShares U.S. Tech Independence Focused ETF in the fourth quarter valued at approximately $75,000.

iShares U.S. Tech Independence Focused ETF Stock Performance

BATS IETC opened at $118.11 on Wednesday. iShares U.S. Tech Independence Focused ETF has a one year low of $84.32 and a one year high of $118.70. The company’s 50 day moving average price is $100.13 and its 200 day moving average price is $98.84. The firm has a market capitalization of $850.39 million, a price-to-earnings ratio of 37.47 and a beta of 1.18.

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.