Liberty One Investment Management LLC Purchases New Position in iShares U.S. Tech Independence Focused ETF $IETC

Liberty One Investment Management LLC purchased a new stake in iShares U.S. Tech Independence Focused ETF (BATS:IETC) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 18,780 shares of the company’s stock, valued at approximately $1,660,000. Liberty One Investment Management LLC owned 0.26% of iShares U.S. Tech Independence Focused ETF as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of iShares U.S. Tech Independence Focused ETF by 32.7% during the first quarter. Royal Bank of Canada now owns 5,535 shares of the company’s stock worth $415,000 after purchasing an additional 1,365 shares during the period. Goldman Sachs Group Inc. acquired a new stake in iShares U.S. Tech Independence Focused ETF during the 1st quarter worth approximately $1,089,000. Cetera Investment Advisers boosted its stake in iShares U.S. Tech Independence Focused ETF by 11.1% in the 2nd quarter. Cetera Investment Advisers now owns 3,622 shares of the company’s stock valued at $340,000 after purchasing an additional 361 shares during the period. NewEdge Advisors LLC boosted its stake in iShares U.S. Tech Independence Focused ETF by 1,012.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,677 shares of the company’s stock valued at $628,000 after purchasing an additional 6,077 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in iShares U.S. Tech Independence Focused ETF by 0.9% in the 2nd quarter. Raymond James Financial Inc. now owns 85,517 shares of the company’s stock valued at $8,039,000 after purchasing an additional 788 shares during the period.

iShares U.S. Tech Independence Focused ETF Price Performance

Shares of BATS IETC opened at $102.12 on Friday. The firm has a market cap of $735.26 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. The stock’s fifty day moving average price is $107.16 and its two-hundred day moving average price is $100.10. iShares U.S. Tech Independence Focused ETF has a one year low of $84.32 and a one year high of $118.70.

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.