Royal Bank of Canada Purchases 18,763 Shares of iShares U.S. Tech Independence Focused ETF $IETC

Royal Bank of Canada grew its position in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 84.7% in the 1st quarter, HoldingsChannel reports. The firm owned 40,924 shares of the company’s stock after acquiring an additional 18,763 shares during the quarter. Royal Bank of Canada’s holdings in iShares U.S. Tech Independence Focused ETF were worth $3,617,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IETC. Two Sigma Investments LP boosted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 403.4% in the 3rd quarter. Two Sigma Investments LP now owns 88,100 shares of the company’s stock worth $8,980,000 after purchasing an additional 70,600 shares in the last quarter. LPL Financial LLC raised its holdings in shares of iShares U.S. Tech Independence Focused ETF by 16.6% during the 4th quarter. LPL Financial LLC now owns 294,702 shares of the company’s stock valued at $29,939,000 after buying an additional 41,869 shares in the last quarter. Oakwell Private Wealth Management LLC raised its holdings in shares of iShares U.S. Tech Independence Focused ETF by 101.3% during the 1st quarter. Oakwell Private Wealth Management LLC now owns 52,534 shares of the company’s stock valued at $4,643,000 after buying an additional 26,434 shares in the last quarter. Truist Financial Corp lifted its position in iShares U.S. Tech Independence Focused ETF by 103.2% in the 4th quarter. Truist Financial Corp now owns 47,376 shares of the company’s stock worth $4,813,000 after buying an additional 24,064 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in iShares U.S. Tech Independence Focused ETF by 48.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 67,885 shares of the company’s stock worth $6,920,000 after buying an additional 22,209 shares during the last quarter.

iShares U.S. Tech Independence Focused ETF Price Performance

Shares of IETC opened at $112.08 on Friday. The firm has a market cap of $806.98 million, a P/E ratio of 37.47 and a beta of 1.18. The stock has a 50 day simple moving average of $105.81 and a two-hundred day simple moving average of $100.66. iShares U.S. Tech Independence Focused ETF has a 1 year low of $84.32 and a 1 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.