Farther Finance Advisors LLC Reduces Holdings in iShares U.S. Tech Independence Focused ETF (BATS:IETC)

Farther Finance Advisors LLC decreased its position in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 17.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 667 shares of the company’s stock after selling 142 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares U.S. Tech Independence Focused ETF were worth $52,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in IETC. Mercer Global Advisors Inc. ADV purchased a new position in shares of iShares U.S. Tech Independence Focused ETF during the second quarter worth about $263,000. Sanctuary Advisors LLC purchased a new position in shares of iShares U.S. Tech Independence Focused ETF during the second quarter worth about $289,000. Commonwealth Equity Services LLC grew its holdings in shares of iShares U.S. Tech Independence Focused ETF by 3.6% during the second quarter. Commonwealth Equity Services LLC now owns 9,691 shares of the company’s stock worth $729,000 after purchasing an additional 336 shares during the last quarter. Financial Perspectives Inc grew its holdings in shares of iShares U.S. Tech Independence Focused ETF by 2.6% during the second quarter. Financial Perspectives Inc now owns 10,386 shares of the company’s stock worth $781,000 after purchasing an additional 260 shares during the last quarter. Finally, Patriot Investment Management Group Inc. grew its holdings in shares of iShares U.S. Tech Independence Focused ETF by 3.9% during the second quarter. Patriot Investment Management Group Inc. now owns 11,186 shares of the company’s stock worth $841,000 after purchasing an additional 420 shares during the last quarter.

iShares U.S. Tech Independence Focused ETF Stock Performance

Shares of IETC stock opened at $83.94 on Thursday. The business’s 50-day moving average price is $78.75 and its 200-day moving average price is $75.02. The stock has a market capitalization of $297.99 million, a price-to-earnings ratio of 42.52 and a beta of 1.38.

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.