Patriot Investment Management Group Inc. trimmed its position in iShares U.S. Tech Independence Focused ETF (BATS:IETC – Free Report) by 1.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,937 shares of the company’s stock after selling 180 shares during the period. Patriot Investment Management Group Inc.’s holdings in iShares U.S. Tech Independence Focused ETF were worth $933,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IETC. Ameritas Advisory Services LLC purchased a new position in shares of iShares U.S. Tech Independence Focused ETF in the fourth quarter valued at about $1,986,000. HB Wealth Management LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF in the fourth quarter worth about $213,000. Signal Advisors Wealth LLC purchased a new position in iShares U.S. Tech Independence Focused ETF during the 4th quarter valued at about $219,000. Pallas Capital Advisors LLC raised its position in iShares U.S. Tech Independence Focused ETF by 3.9% during the 4th quarter. Pallas Capital Advisors LLC now owns 13,209 shares of the company’s stock valued at $1,127,000 after purchasing an additional 501 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in iShares U.S. Tech Independence Focused ETF by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,401 shares of the company’s stock worth $1,834,000 after buying an additional 4,259 shares during the period.
iShares U.S. Tech Independence Focused ETF Trading Up 6.6 %
Shares of IETC stock opened at $89.57 on Friday. The company has a market cap of $317.96 million, a price-to-earnings ratio of 42.52 and a beta of 1.38. The stock has a fifty day simple moving average of $85.13 and a 200 day simple moving average of $79.70.
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.
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Want to see what other hedge funds are holding IETC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Tech Independence Focused ETF (BATS:IETC – Free Report).
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