Patriot Investment Management Group Inc. cut its position in iShares U.S. Tech Independence Focused ETF (BATS:IETC – Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,937 shares of the company’s stock after selling 180 shares during the period. Patriot Investment Management Group Inc. owned 0.31% of iShares U.S. Tech Independence Focused ETF worth $933,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aptus Capital Advisors LLC bought a new position in shares of iShares U.S. Tech Independence Focused ETF in the third quarter valued at $59,000. HB Wealth Management LLC acquired a new position in iShares U.S. Tech Independence Focused ETF during the 4th quarter valued at about $213,000. Signal Advisors Wealth LLC bought a new stake in iShares U.S. Tech Independence Focused ETF during the 4th quarter worth approximately $219,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of iShares U.S. Tech Independence Focused ETF in the second quarter worth approximately $263,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of iShares U.S. Tech Independence Focused ETF in the second quarter worth approximately $289,000.
iShares U.S. Tech Independence Focused ETF Stock Performance
Shares of BATS:IETC opened at $89.57 on Friday. The firm’s 50-day moving average is $85.13 and its 200 day moving average is $79.70. The stock has a market capitalization of $317.96 million, a PE ratio of 42.52 and a beta of 1.38.
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.
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