Trek Financial LLC Purchases 7,932 Shares of iShares U.S. Tech Independence Focused ETF $IETC

Trek Financial LLC lifted its position in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 11.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 75,900 shares of the company’s stock after purchasing an additional 7,932 shares during the quarter. Trek Financial LLC’s holdings in iShares U.S. Tech Independence Focused ETF were worth $7,711,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Assetmark Inc. lifted its position in iShares U.S. Tech Independence Focused ETF by 928.1% in the 4th quarter. Assetmark Inc. now owns 209,468 shares of the company’s stock worth $21,280,000 after buying an additional 189,094 shares during the last quarter. Two Sigma Investments LP grew its position in iShares U.S. Tech Independence Focused ETF by 403.4% during the third quarter. Two Sigma Investments LP now owns 88,100 shares of the company’s stock valued at $8,980,000 after acquiring an additional 70,600 shares during the last quarter. Gradient Investments LLC raised its stake in shares of iShares U.S. Tech Independence Focused ETF by 7.9% during the fourth quarter. Gradient Investments LLC now owns 673,735 shares of the company’s stock worth $68,445,000 after acquiring an additional 49,147 shares in the last quarter. Oakwell Private Wealth Management LLC purchased a new position in shares of iShares U.S. Tech Independence Focused ETF during the fourth quarter worth approximately $2,651,000. Finally, Truist Financial Corp lifted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 103.2% in the 4th quarter. Truist Financial Corp now owns 47,376 shares of the company’s stock worth $4,813,000 after acquiring an additional 24,064 shares during the last quarter.

iShares U.S. Tech Independence Focused ETF Stock Performance

Shares of iShares U.S. Tech Independence Focused ETF stock opened at $107.27 on Tuesday. iShares U.S. Tech Independence Focused ETF has a 52-week low of $83.91 and a 52-week high of $108.47. The stock has a market capitalization of $772.34 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. The company has a fifty day moving average of $95.22 and a 200-day moving average of $98.43.

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.