Citadel Advisors LLC Acquires 24,370 Shares of iShares U.S. Tech Independence Focused ETF $IETC

Citadel Advisors LLC boosted its holdings in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 170.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,686 shares of the company’s stock after buying an additional 24,370 shares during the quarter. Citadel Advisors LLC’s holdings in iShares U.S. Tech Independence Focused ETF were worth $4,153,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbour Investments Inc. lifted its stake in iShares U.S. Tech Independence Focused ETF by 219.8% during the 4th quarter. Harbour Investments Inc. now owns 291 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. IFP Advisors Inc grew its stake in shares of iShares U.S. Tech Independence Focused ETF by 688.9% in the third quarter. IFP Advisors Inc now owns 355 shares of the company’s stock worth $36,000 after acquiring an additional 310 shares during the period. Capital Analysts LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF in the fourth quarter worth approximately $36,000. CIBC Private Wealth Group LLC purchased a new position in shares of iShares U.S. Tech Independence Focused ETF during the third quarter valued at approximately $64,000. Finally, NewEdge Advisors LLC raised its holdings in shares of iShares U.S. Tech Independence Focused ETF by 25.0% during the first quarter. NewEdge Advisors LLC now owns 750 shares of the company’s stock valued at $66,000 after purchasing an additional 150 shares during the last quarter.

iShares U.S. Tech Independence Focused ETF Price Performance

Shares of iShares U.S. Tech Independence Focused ETF stock opened at $110.03 on Tuesday. The company has a market cap of $792.22 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. The company’s 50 day moving average is $106.50 and its 200 day moving average is $102.24. iShares U.S. Tech Independence Focused ETF has a twelve month low of $84.32 and a twelve month high of $118.70.

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.