iShares U.S. Tech Independence Focused ETF $IETC Shares Sold by Paladin Wealth LLC

Paladin Wealth LLC cut its stake in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 80.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,104 shares of the company’s stock after selling 21,513 shares during the period. Paladin Wealth LLC’s holdings in iShares U.S. Tech Independence Focused ETF were worth $583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Gradient Investments LLC boosted its position in shares of iShares U.S. Tech Independence Focused ETF by 18.4% in the second quarter. Gradient Investments LLC now owns 858,000 shares of the company’s stock valued at $92,106,000 after acquiring an additional 133,543 shares during the period. Hoese & Co LLP increased its holdings in iShares U.S. Tech Independence Focused ETF by 1.5% during the 3rd quarter. Hoese & Co LLP now owns 77,940 shares of the company’s stock worth $8,897,000 after acquiring an additional 1,181 shares during the period. Oakwell Private Wealth Management LLC increased its holdings in iShares U.S. Tech Independence Focused ETF by 101.3% during the 1st quarter. Oakwell Private Wealth Management LLC now owns 52,534 shares of the company’s stock worth $4,643,000 after acquiring an additional 26,434 shares during the period. Royal Bank of Canada increased its holdings in iShares U.S. Tech Independence Focused ETF by 84.7% during the 1st quarter. Royal Bank of Canada now owns 40,924 shares of the company’s stock worth $3,617,000 after acquiring an additional 18,763 shares during the period. Finally, Citadel Advisors LLC increased its holdings in iShares U.S. Tech Independence Focused ETF by 170.2% during the 2nd quarter. Citadel Advisors LLC now owns 38,686 shares of the company’s stock worth $4,153,000 after acquiring an additional 24,370 shares during the period.

iShares U.S. Tech Independence Focused ETF Price Performance

BATS IETC opened at $105.59 on Monday. iShares U.S. Tech Independence Focused ETF has a 1 year low of $84.32 and a 1 year high of $119.00. The stock has a market capitalization of $760.25 million, a PE ratio of 37.47 and a beta of 1.18. The company’s 50 day simple moving average is $110.94 and its two-hundred day simple moving average is $107.25.

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.