Commonwealth Equity Services LLC Sells 279 Shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC)

Commonwealth Equity Services LLC trimmed its stake in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,570 shares of the company’s stock after selling 279 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.30% of iShares U.S. Tech Independence Focused ETF worth $902,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Sanctuary Advisors LLC lifted its stake in iShares U.S. Tech Independence Focused ETF by 16.4% in the 4th quarter. Sanctuary Advisors LLC now owns 4,582 shares of the company’s stock valued at $397,000 after purchasing an additional 645 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of iShares U.S. Tech Independence Focused ETF during the 4th quarter worth approximately $6,985,000. JPMorgan Chase & Co. increased its holdings in shares of 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 worth $1,834,000 after acquiring an additional 4,259 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in iShares U.S. Tech Independence Focused ETF in the 4th quarter valued at $1,986,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in iShares U.S. Tech Independence Focused ETF in the 4th quarter valued at $441,000.

iShares U.S. Tech Independence Focused ETF Price Performance

IETC stock opened at $75.57 on Wednesday. The company has a fifty day moving average price of $83.20 and a two-hundred day moving average price of $82.79. iShares U.S. Tech Independence Focused ETF has a one year low of $65.53 and a one year high of $90.20. The stock has a market cap of $423.18 million, a price-to-earnings ratio of 34.81 and a beta of 1.12.

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.