iShares U.S. Tech Independence Focused ETF $IETC Shares Purchased by Truist Financial Corp

Truist Financial Corp boosted its stake in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 103.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,376 shares of the company’s stock after acquiring an additional 24,064 shares during the period. Truist Financial Corp’s holdings in iShares U.S. Tech Independence Focused ETF were worth $4,813,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Gradient Investments LLC raised its holdings in iShares U.S. Tech Independence Focused ETF by 7.9% in the fourth quarter. Gradient Investments LLC now owns 673,735 shares of the company’s stock valued at $68,445,000 after acquiring an additional 49,147 shares in the last quarter. Apexium Financial LP raised its holdings in iShares U.S. Tech Independence Focused ETF by 33.2% in the third quarter. Apexium Financial LP now owns 89,167 shares of the company’s stock valued at $9,089,000 after acquiring an additional 22,235 shares in the last quarter. Assetmark Inc. raised its holdings in iShares U.S. Tech Independence Focused ETF by 928.1% in the fourth quarter. Assetmark Inc. now owns 209,468 shares of the company’s stock valued at $21,280,000 after acquiring an additional 189,094 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in iShares U.S. Tech Independence Focused ETF by 388.8% in the third quarter. Jones Financial Companies Lllp now owns 6,995 shares of the company’s stock valued at $710,000 after acquiring an additional 5,564 shares in the last quarter. Finally, Trek Financial LLC raised its holdings in iShares U.S. Tech Independence Focused ETF by 24.7% in the third quarter. Trek Financial LLC now owns 67,968 shares of the company’s stock valued at $6,928,000 after acquiring an additional 13,441 shares in the last quarter.

iShares U.S. Tech Independence Focused ETF Price Performance

IETC opened at $107.31 on Monday. The stock has a market capitalization of $772.63 million, a PE ratio of 37.47 and a beta of 1.18. The firm’s fifty day moving average price is $94.61 and its 200 day moving average price is $98.37. iShares U.S. Tech Independence Focused ETF has a 12-month low of $81.30 and a 12-month high of $108.47.

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. The market cap-weighted fund targets an increased exposure to firms with high Technology Independence Score. IETC was launched on Mar 21, 2018 and is managed by BlackRock.