iShares U.S. Tech Independence Focused ETF (BATS:IETC) Sets New 52-Week High – Here’s What Happened

iShares U.S. Tech Independence Focused ETF (BATS:IETC) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $109.28 and last traded at $108.66, with a volume of 9296 shares trading hands. The stock had previously closed at $107.68.

iShares U.S. Tech Independence Focused ETF Trading Up 0.7%

The company’s 50 day moving average price is $97.75 and its 200-day moving average price is $98.56. The company has a market capitalization of $780.77 million, a PE ratio of 37.47 and a beta of 1.18.

Institutional Trading of iShares U.S. Tech Independence Focused ETF

Large investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. increased its holdings in iShares U.S. Tech Independence Focused ETF by 219.8% in the 4th 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. Parkside Financial Bank & Trust acquired a new stake in iShares U.S. Tech Independence Focused ETF in the 3rd quarter valued at $30,000. IFP Advisors Inc increased its holdings in iShares U.S. Tech Independence Focused ETF by 688.9% in the 3rd quarter. IFP Advisors Inc now owns 355 shares of the company’s stock valued at $36,000 after purchasing an additional 310 shares in the last quarter. Capital Analysts LLC acquired a new stake in iShares U.S. Tech Independence Focused ETF in the 4th quarter valued at $36,000. Finally, Sound Income Strategies LLC increased its holdings in iShares U.S. Tech Independence Focused ETF by 48.8% in the 4th quarter. Sound Income Strategies LLC now owns 442 shares of the company’s stock valued at $45,000 after purchasing an additional 145 shares in the last quarter.

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.