iShares U.S. Tech Independence Focused ETF (BATS:IETC) Stock Pass Above 200-Day Moving Average – Here’s Why

iShares U.S. Tech Independence Focused ETF (BATS:IETC) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $76.44 and traded as high as $83.52. iShares U.S. Tech Independence Focused ETF shares last traded at $83.52, with a volume of 86,064 shares trading hands.

iShares U.S. Tech Independence Focused ETF Stock Performance

The company’s fifty day moving average is $80.78 and its two-hundred day moving average is $76.44. The firm has a market cap of $296.50 million, a price-to-earnings ratio of 42.52 and a beta of 1.38.

Institutional Trading of iShares U.S. Tech Independence Focused ETF

Hedge funds have recently made changes to their positions in the stock. Aptus Capital Advisors LLC acquired a new stake in shares of iShares U.S. Tech Independence Focused ETF in the 3rd quarter valued at about $59,000. Mercer Global Advisors Inc. ADV bought a new position in iShares U.S. Tech Independence Focused ETF during the 2nd quarter worth approximately $263,000. Sanctuary Advisors LLC acquired a new position in shares of iShares U.S. Tech Independence Focused ETF in the 2nd quarter worth approximately $289,000. Glen Eagle Advisors LLC increased its holdings in shares of iShares U.S. Tech Independence Focused ETF by 11.1% in the 3rd quarter. Glen Eagle Advisors LLC now owns 5,516 shares of the company’s stock valued at $432,000 after acquiring an additional 553 shares during the last quarter. Finally, Lansing Street Advisors raised its position in shares of iShares U.S. Tech Independence Focused ETF by 5.0% during the 3rd quarter. Lansing Street Advisors now owns 7,456 shares of the company’s stock valued at $584,000 after acquiring an additional 357 shares in the last quarter.

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.