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

Citadel Advisors LLC boosted its position in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 170.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 38,686 shares of the company’s stock after purchasing an additional 24,370 shares during the quarter. Citadel Advisors LLC owned about 0.54% of iShares U.S. Tech Independence Focused ETF worth $4,153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IETC. Gradient Investments LLC raised its holdings in 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 worth $92,106,000 after buying an additional 133,543 shares during the last quarter. LPL Financial LLC grew its holdings in shares of iShares U.S. Tech Independence Focused ETF by 16.6% during the fourth quarter. LPL Financial LLC now owns 294,702 shares of the company’s stock valued at $29,939,000 after buying an additional 41,869 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of iShares U.S. Tech Independence Focused ETF by 403.4% during the third quarter. Two Sigma Investments LP now owns 88,100 shares of the company’s stock valued at $8,980,000 after buying an additional 70,600 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of iShares U.S. Tech Independence Focused ETF by 0.9% during the second quarter. Raymond James Financial Inc. now owns 85,517 shares of the company’s stock valued at $8,039,000 after acquiring an additional 788 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of iShares U.S. Tech Independence Focused ETF by 20.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 81,511 shares of the company’s stock valued at $8,281,000 after acquiring an additional 13,626 shares in the last quarter.

iShares U.S. Tech Independence Focused ETF Price Performance

Shares of BATS IETC opened at $110.03 on Tuesday. iShares U.S. Tech Independence Focused ETF has a twelve month low of $84.32 and a twelve month high of $118.70. The firm has a market cap of $792.22 million, a P/E ratio of 37.47 and a beta of 1.18. The company has a 50 day moving average of $106.50 and a 200 day moving average of $102.24.

iShares U.S. Tech Independence Focused ETF Company 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.