iShares U.S. Tech Independence Focused ETF (BATS:IETC) Trading Down 0.8% – Time to Sell?

Shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) were down 0.8% during mid-day trading on Thursday . The company traded as low as $85.16 and last traded at $85.32. Approximately 31,504 shares changed hands during mid-day trading, The stock had previously closed at $86.00.

iShares U.S. Tech Independence Focused ETF Trading Up 1.4 %

The stock has a market capitalization of $307.04 million, a PE ratio of 42.52 and a beta of 1.38. The stock has a 50 day moving average price of $83.92 and a 200-day moving average price of $78.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Aptus Capital Advisors LLC purchased a new position in shares of iShares U.S. Tech Independence Focused ETF in the third quarter worth approximately $59,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of iShares U.S. Tech Independence Focused ETF in the 2nd quarter worth $263,000. Sanctuary Advisors LLC bought a new position in iShares U.S. Tech Independence Focused ETF in the 2nd quarter worth $289,000. Glen Eagle Advisors LLC lifted its position in iShares U.S. Tech Independence Focused ETF by 11.1% during the third quarter. Glen Eagle Advisors LLC now owns 5,516 shares of the company’s stock valued at $432,000 after purchasing an additional 553 shares in the last quarter. Finally, Lansing Street Advisors lifted its position in iShares U.S. Tech Independence Focused ETF by 5.0% during the third quarter. Lansing Street Advisors now owns 7,456 shares of the company’s stock valued at $584,000 after purchasing an additional 357 shares in the last quarter.

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.