Northwestern Mutual Wealth Management Co. Increases Position in iShares U.S. Tech Independence Focused ETF $IETC

Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 20.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,511 shares of the company’s stock after acquiring an additional 13,626 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 1.13% of iShares U.S. Tech Independence Focused ETF worth $8,281,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Gradient Investments LLC increased its holdings in iShares U.S. Tech Independence Focused ETF by 7.9% during the 4th 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 increased its holdings in iShares U.S. Tech Independence Focused ETF by 33.2% during the 3rd 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. increased its holdings in iShares U.S. Tech Independence Focused ETF by 928.1% during the 4th 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 increased its holdings in iShares U.S. Tech Independence Focused ETF by 388.8% during the 3rd 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, Envestnet Asset Management Inc. increased its holdings in iShares U.S. Tech Independence Focused ETF by 81.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 19,942 shares of the company’s stock valued at $2,033,000 after acquiring an additional 8,965 shares in the last quarter.

iShares U.S. Tech Independence Focused ETF Trading Down 0.1%

BATS:IETC opened at $118.11 on Wednesday. The firm has a 50-day moving average price of $100.13 and a two-hundred day moving average price of $98.84. iShares U.S. Tech Independence Focused ETF has a twelve month low of $84.32 and a twelve month high of $118.70. The company has a market capitalization of $850.39 million, a P/E ratio of 37.47 and a beta of 1.18.

iShares U.S. Tech Independence Focused ETF 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.