Osaic Holdings Inc. Raises Stock Position in iShares U.S. Tech Independence Focused ETF $IETC

Osaic Holdings Inc. raised its stake in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 20.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,972 shares of the company’s stock after buying an additional 6,744 shares during the period. Osaic Holdings Inc.’s holdings in iShares U.S. Tech Independence Focused ETF were worth $3,648,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IETC. Jones Financial Companies Lllp bought a new stake in shares of iShares U.S. Tech Independence Focused ETF in the first quarter worth $17,260,000. Beacon Harbor Wealth Advisors Inc. purchased a new position in iShares U.S. Tech Independence Focused ETF in the second quarter worth about $12,150,000. Integrated Wealth Concepts LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF during the 1st quarter valued at about $5,647,000. JPMorgan Chase & Co. increased its position in shares of iShares U.S. Tech Independence Focused ETF by 228.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 103,959 shares of the company’s stock valued at $9,772,000 after purchasing an additional 72,280 shares during the last quarter. Finally, Apexium Financial LP increased its position in shares of 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 valued at $6,292,000 after purchasing an additional 51,139 shares during the last quarter.

iShares U.S. Tech Independence Focused ETF Trading Up 23.5%

Shares of BATS IETC opened at $103.70 on Friday. iShares U.S. Tech Independence Focused ETF has a 12-month low of $64.06 and a 12-month high of $98.03. The firm has a market capitalization of $746.64 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. The firm has a 50 day moving average of $102.72 and a 200 day moving average of $99.29.

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.