Sigma Planning Corp Makes New $1.86 Million Investment in iShares U.S. Tech Independence Focused ETF $IETC

Sigma Planning Corp bought a new position in iShares U.S. Tech Independence Focused ETF (BATS:IETC) in the 3rd quarter, Holdings Channel reports. The firm bought 16,282 shares of the company’s stock, valued at approximately $1,859,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in IETC. NewEdge Advisors LLC increased its stake in shares of iShares U.S. Tech Independence Focused ETF by 25.0% during the first quarter. NewEdge Advisors LLC now owns 750 shares of the company’s stock valued at $66,000 after buying an additional 150 shares during the period. Patriot Investment Management Group Inc. lifted its stake in iShares U.S. Tech Independence Focused ETF by 2.8% in the third quarter. Patriot Investment Management Group Inc. now owns 11,275 shares of the company’s stock worth $1,287,000 after acquiring an additional 305 shares during the period. Janney Montgomery Scott LLC grew its holdings in iShares U.S. Tech Independence Focused ETF by 10.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,886 shares of the company’s stock worth $343,000 after acquiring an additional 372 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in iShares U.S. Tech Independence Focused ETF by 1,111.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 436 shares of the company’s stock worth $50,000 after acquiring an additional 400 shares in the last quarter. Finally, IFP Advisors Inc increased its position in 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 valued at $123,000 after purchasing an additional 516 shares during the period.

iShares U.S. Tech Independence Focused ETF Stock Performance

BATS IETC opened at $109.00 on Wednesday. iShares U.S. Tech Independence Focused ETF has a one year low of $84.32 and a one year high of $119.00. The company has a market capitalization of $784.80 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. The company’s 50-day simple moving average is $110.82 and its two-hundred day simple moving average is $103.29.

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.