iShares U.S. Tech Independence Focused ETF $IETC Stock: Oppenheimer & Co. Inc. Lowers Position

Oppenheimer & Co. Inc. lessened its position in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 99.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,010 shares of the company’s stock after selling 351,585 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares U.S. Tech Independence Focused ETF were worth $229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in iShares U.S. Tech Independence Focused ETF by 1,111.1% during the third quarter. Farther Finance Advisors LLC now owns 436 shares of the company’s stock worth $50,000 after acquiring an additional 400 shares during the last quarter. NewEdge Advisors LLC raised its holdings in iShares U.S. Tech Independence Focused ETF by 25.0% in the 1st quarter. NewEdge Advisors LLC now owns 750 shares of the company’s stock valued at $66,000 after acquiring an additional 150 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of iShares U.S. Tech Independence Focused ETF by 92.5% during the 3rd quarter. IFP Advisors Inc now owns 1,074 shares of the company’s stock worth $123,000 after purchasing an additional 516 shares during the period. Flagship Capital Management Inc. purchased a new position in shares of iShares U.S. Tech Independence Focused ETF during the 3rd quarter worth $212,000. Finally, Archer Investment Management LLC purchased a new position in shares of iShares U.S. Tech Independence Focused ETF during the 2nd quarter worth $234,000.

iShares U.S. Tech Independence Focused ETF Stock Up 2.0%

Shares of BATS:IETC opened at $93.70 on Friday. The company has a market cap of $674.64 million, a P/E ratio of 37.47 and a beta of 1.18. The business has a fifty day simple moving average of $109.64 and a 200-day simple moving average of $103.25. iShares U.S. Tech Independence Focused ETF has a 52 week low of $84.32 and a 52 week high of $119.00.

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.