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

Trek Financial LLC boosted its position in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,900 shares of the company’s stock after purchasing an additional 7,932 shares during the period. Trek Financial LLC owned about 1.05% of iShares U.S. Tech Independence Focused ETF worth $7,711,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF in the fourth quarter valued at $102,000. Truist Financial Corp grew its stake in shares of iShares U.S. Tech Independence Focused ETF by 103.2% during 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 period. Sigma Planning Corp increased its holdings in iShares U.S. Tech Independence Focused ETF by 2.1% in the 4th quarter. Sigma Planning Corp now owns 12,351 shares of the company’s stock worth $1,255,000 after acquiring an additional 258 shares during the last quarter. Activest Wealth Management bought a new stake in iShares U.S. Tech Independence Focused ETF in the 4th quarter valued at about $75,000. Finally, Oakwell Private Wealth Management LLC purchased a new stake in iShares U.S. Tech Independence Focused ETF during the fourth quarter valued at about $2,651,000.

iShares U.S. Tech Independence Focused ETF Stock Down 0.0%

IETC opened at $107.27 on Tuesday. The firm has a 50-day moving average price of $95.22 and a 200-day moving average price of $98.43. iShares U.S. Tech Independence Focused ETF has a twelve month low of $83.91 and a twelve month high of $108.47. The company has a market capitalization of $772.34 million, a price-to-earnings ratio of 37.47 and a beta of 1.18.

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.