iShares U.S. Tech Independence Focused ETF (BATS:IETC) Shares Down 1.2%

iShares U.S. Tech Independence Focused ETF (BATS:IETC) shares fell 1.2% during trading on Wednesday . The stock traded as low as $68.60 and last traded at $68.60. 15,797 shares were traded during mid-day trading, The stock had previously closed at $69.45.

iShares U.S. Tech Independence Focused ETF Stock Performance

The company’s fifty day moving average price is $73.98 and its 200-day moving average price is $70.75. The stock has a market cap of $253.15 million, a P/E ratio of 42.52 and a beta of 1.38.

Hedge Funds Weigh In On iShares U.S. Tech Independence Focused ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Richardson Capital Management LLC acquired a new stake in iShares U.S. Tech Independence Focused ETF in the first quarter worth about $54,000. YHB Investment Advisors Inc. acquired a new stake in iShares U.S. Tech Independence Focused ETF in the 1st quarter worth approximately $69,000. Montag A & Associates Inc. purchased a new stake in iShares U.S. Tech Independence Focused ETF during the 1st quarter worth approximately $204,000. Haverford Trust Co acquired a new position in iShares U.S. Tech Independence Focused ETF during the 1st quarter valued at approximately $221,000. Finally, Cerity Partners LLC purchased a new position in shares of iShares U.S. Tech Independence Focused ETF in the fourth quarter worth $307,000.

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.