Fulcrum Equity Management Takes $944,000 Position in iShares U.S. Tech Independence Focused ETF (BATS:IETC)

Fulcrum Equity Management bought a new stake in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) in the first quarter, Holdings Channel reports. The fund bought 12,592 shares of the company’s stock, valued at approximately $944,000. iShares U.S. Tech Independence Focused ETF comprises 1.0% of Fulcrum Equity Management’s portfolio, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in iShares U.S. Tech Independence Focused ETF by 97.1% in the 4th quarter. LPL Financial LLC now owns 36,377 shares of the company’s stock worth $3,104,000 after buying an additional 17,925 shares during the period. Raymond James Financial Inc. bought a new position in iShares U.S. Tech Independence Focused ETF in the 4th quarter worth approximately $6,985,000. MML Investors Services LLC boosted its holdings in iShares U.S. Tech Independence Focused ETF by 10.2% in the 4th quarter. MML Investors Services LLC now owns 101,639 shares of the company’s stock worth $8,672,000 after buying an additional 9,372 shares during the period. Envestnet Asset Management Inc. bought a new position in iShares U.S. Tech Independence Focused ETF in the 4th quarter worth approximately $713,000. Finally, Mariner LLC bought a new position in iShares U.S. Tech Independence Focused ETF in the 4th quarter worth approximately $252,000.

iShares U.S. Tech Independence Focused ETF Price Performance

BATS IETC opened at $94.32 on Friday. iShares U.S. Tech Independence Focused ETF has a 1 year low of $64.06 and a 1 year high of $95.77. The stock has a market capitalization of $679.07 million, a PE ratio of 37.47 and a beta of 1.18. The company’s 50 day simple moving average is $89.04 and its two-hundred day simple moving average is $84.00.

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.