iShares U.S. Tech Independence Focused ETF (BATS:IETC) Stock Pass Above 200-Day Moving Average – Here’s What Happened

iShares U.S. Tech Independence Focused ETF (BATS:IETC) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $75.91 and traded as high as $82.97. iShares U.S. Tech Independence Focused ETF shares last traded at $82.37, with a volume of 17,981 shares changing hands.

iShares U.S. Tech Independence Focused ETF Stock Performance

The firm has a market cap of $292.40 million, a PE ratio of 42.52 and a beta of 1.38. The stock’s fifty day moving average price is $80.14 and its 200-day moving average price is $75.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kozak & Associates Inc. raised its position in iShares U.S. Tech Independence Focused ETF by 4.4% during the first quarter. Kozak & Associates Inc. now owns 646,599 shares of the company’s stock valued at $45,805,000 after buying an additional 27,470 shares during the period. Shira Ridge Wealth Management lifted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 5.8% during the second quarter. Shira Ridge Wealth Management now owns 18,969 shares of the company’s stock worth $1,426,000 after buying an additional 1,034 shares during the last quarter. Patriot Investment Management Group Inc. boosted its position in shares of iShares U.S. Tech Independence Focused ETF by 3.9% in the second quarter. Patriot Investment Management Group Inc. now owns 11,186 shares of the company’s stock valued at $841,000 after acquiring an additional 420 shares during the period. Raymond James & Associates grew its stake in shares of iShares U.S. Tech Independence Focused ETF by 23.0% in the second quarter. Raymond James & Associates now owns 69,635 shares of the company’s stock worth $5,235,000 after acquiring an additional 13,002 shares during the last quarter. Finally, Pallas Capital Advisors LLC increased its position in iShares U.S. Tech Independence Focused ETF by 27.0% during the second quarter. Pallas Capital Advisors LLC now owns 12,159 shares of the company’s stock worth $909,000 after acquiring an additional 2,585 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.