iShares U.S. Tech Independence Focused ETF (BATS:IETC) Shares Down 0.8% – Should You Sell?

iShares U.S. Tech Independence Focused ETF (BATS:IETC) were down 0.8% during trading on Thursday . The company traded as low as $85.16 and last traded at $85.32. Approximately 31,504 shares were traded during trading, The stock had previously closed at $86.00.

iShares U.S. Tech Independence Focused ETF Price Performance

The stock has a market capitalization of $307.04 million, a PE ratio of 42.52 and a beta of 1.38. The firm’s 50 day simple moving average is $83.92 and its 200 day simple moving average is $78.72.

Hedge Funds Weigh In On iShares U.S. Tech Independence Focused ETF

Several institutional investors and hedge funds have recently bought and sold shares of IETC. Kozak & Associates Inc. boosted its position in iShares U.S. Tech Independence Focused ETF by 1.4% during the 3rd quarter. Kozak & Associates Inc. now owns 674,967 shares of the company’s stock valued at $54,321,000 after buying an additional 9,307 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 13.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 233,125 shares of the company’s stock worth $18,247,000 after purchasing an additional 27,174 shares during the period. MML Investors Services LLC grew its stake in shares of iShares U.S. Tech Independence Focused ETF by 6.0% in the third quarter. MML Investors Services LLC now owns 92,267 shares of the company’s stock worth $7,231,000 after purchasing an additional 5,204 shares during the last quarter. Raymond James & Associates increased its holdings in iShares U.S. Tech Independence Focused ETF by 5.4% during the 3rd quarter. Raymond James & Associates now owns 73,403 shares of the company’s stock valued at $5,753,000 after purchasing an additional 3,768 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in iShares U.S. Tech Independence Focused ETF by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,401 shares of the company’s stock valued at $1,834,000 after purchasing an additional 4,259 shares during the period.

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.