Royal Bank of Canada Purchases 18,763 Shares of iShares U.S. Tech Independence Focused ETF $IETC

Royal Bank of Canada grew its holdings in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 84.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,924 shares of the company’s stock after purchasing an additional 18,763 shares during the quarter. Royal Bank of Canada owned about 0.57% of iShares U.S. Tech Independence Focused ETF worth $3,617,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Harbour Investments Inc. grew 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 valued at $30,000 after purchasing an additional 200 shares in the last quarter. IFP Advisors Inc lifted its holdings in iShares U.S. Tech Independence Focused ETF by 688.9% during the 3rd quarter. IFP Advisors Inc now owns 355 shares of the company’s stock worth $36,000 after purchasing an additional 310 shares in the last quarter. Capital Analysts LLC purchased a new stake in iShares U.S. Tech Independence Focused ETF during the 4th quarter worth about $36,000. CIBC Private Wealth Group LLC bought a new position in iShares U.S. Tech Independence Focused ETF in the 3rd quarter worth about $64,000. Finally, Activest Wealth Management bought a new position in iShares U.S. Tech Independence Focused ETF in the 4th quarter worth about $75,000.

iShares U.S. Tech Independence Focused ETF Stock Down 0.6%

Shares of IETC opened at $112.08 on Friday. The business’s 50-day moving average price is $105.81 and its 200-day moving average price is $100.66. iShares U.S. Tech Independence Focused ETF has a twelve month low of $84.32 and a twelve month high of $118.70. The stock has a market cap of $806.98 million, a PE ratio of 37.47 and a beta of 1.18.

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.