81,864 Shares in iShares U.S. Tech Independence Focused ETF (BATS:IETC) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 81,864 shares of the company’s stock, valued at approximately $6,985,000. Raymond James Financial Inc. owned 2.31% of iShares U.S. Tech Independence Focused ETF as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. HB Wealth Management LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF during the 4th quarter worth about $213,000. Signal Advisors Wealth LLC bought a new stake in shares of iShares U.S. Tech Independence Focused ETF during the 4th quarter worth about $219,000. Montag A & Associates Inc. boosted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 48.5% during the 4th quarter. Montag A & Associates Inc. now owns 3,883 shares of the company’s stock worth $331,000 after buying an additional 1,268 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 16.4% during the 4th quarter. Sanctuary Advisors LLC now owns 4,582 shares of the company’s stock worth $397,000 after buying an additional 645 shares during the period. Finally, Glen Eagle Advisors LLC boosted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 11.1% during the 3rd quarter. Glen Eagle Advisors LLC now owns 5,516 shares of the company’s stock worth $432,000 after buying an additional 553 shares during the period.

iShares U.S. Tech Independence Focused ETF Stock Performance

Shares of IETC stock opened at $78.18 on Monday. The company has a market capitalization of $437.78 million, a price-to-earnings ratio of 34.81 and a beta of 1.12. iShares U.S. Tech Independence Focused ETF has a 52 week low of $65.53 and a 52 week high of $90.20. The company has a 50-day simple moving average of $84.36 and a 200 day simple moving average of $82.63.

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.