iShares U.S. Tech Independence Focused ETF $IETC Shares Acquired by Truist Financial Corp

Truist Financial Corp lifted its position in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 103.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,376 shares of the company’s stock after purchasing an additional 24,064 shares during the period. Truist Financial Corp owned about 0.66% of iShares U.S. Tech Independence Focused ETF worth $4,813,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust acquired a new position in shares of iShares U.S. Tech Independence Focused ETF during the third quarter worth $30,000. IFP Advisors Inc lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 688.9% during the third 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. Sound Income Strategies LLC lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 48.8% during the fourth quarter. Sound Income Strategies LLC now owns 442 shares of the company’s stock worth $45,000 after purchasing an additional 145 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of iShares U.S. Tech Independence Focused ETF during the third quarter worth $64,000. Finally, Activest Wealth Management acquired a new position in shares of iShares U.S. Tech Independence Focused ETF during the fourth quarter worth $75,000.

iShares U.S. Tech Independence Focused ETF Stock Performance

BATS IETC opened at $107.31 on Monday. The company’s fifty day simple moving average is $94.61 and its 200-day simple moving average is $98.37. iShares U.S. Tech Independence Focused ETF has a 52 week low of $81.30 and a 52 week high of $108.47. The stock has a market cap of $772.63 million, a P/E 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.