Paladin Wealth LLC Boosts Stake in iShares U.S. Tech Independence Focused ETF $IETC

Paladin Wealth LLC boosted its position in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 21.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,617 shares of the company’s stock after purchasing an additional 4,615 shares during the period. iShares U.S. Tech Independence Focused ETF makes up approximately 1.7% of Paladin Wealth LLC’s investment portfolio, making the stock its 14th biggest holding. Paladin Wealth LLC owned approximately 0.37% of iShares U.S. Tech Independence Focused ETF worth $2,857,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IETC. Harbour Investments Inc. raised its holdings in shares of iShares U.S. Tech Independence Focused ETF by 219.8% in the fourth quarter. Harbour Investments Inc. now owns 291 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. IFP Advisors Inc boosted its holdings in iShares U.S. Tech Independence Focused ETF by 688.9% during the 3rd quarter. IFP Advisors Inc now owns 355 shares of the company’s stock valued at $36,000 after acquiring an additional 310 shares during the period. Capital Analysts LLC purchased a new position in iShares U.S. Tech Independence Focused ETF during the 4th quarter valued at $36,000. Sound Income Strategies LLC grew its position in iShares U.S. Tech Independence Focused ETF by 48.8% in the 4th quarter. Sound Income Strategies LLC now owns 442 shares of the company’s stock valued at $45,000 after acquiring an additional 145 shares during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new position in iShares U.S. Tech Independence Focused ETF in the 3rd quarter valued at $64,000.

iShares U.S. Tech Independence Focused ETF Stock Down 0.2%

IETC stock opened at $110.04 on Tuesday. iShares U.S. Tech Independence Focused ETF has a twelve month low of $84.32 and a twelve month high of $118.70. The firm has a market cap of $792.29 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. The business’s fifty day simple moving average is $105.99 and its two-hundred day simple moving average is $100.33.

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.