Tower Research Capital LLC TRC Sells 7,804 Shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC)

Tower Research Capital LLC TRC reduced its holdings in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 89.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 962 shares of the company’s stock after selling 7,804 shares during the period. Tower Research Capital LLC TRC’s holdings in iShares U.S. Tech Independence Focused ETF were worth $60,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IETC. Kozak & Associates Inc. lifted its stake in iShares U.S. Tech Independence Focused ETF by 7.6% in the fourth quarter. Kozak & Associates Inc. now owns 619,129 shares of the company’s stock valued at $38,995,000 after buying an additional 43,685 shares during the period. Truist Financial Corp boosted its stake in iShares U.S. Tech Independence Focused ETF by 10.5% during the 4th quarter. Truist Financial Corp now owns 92,542 shares of the company’s stock worth $5,772,000 after acquiring an additional 8,786 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in iShares U.S. Tech Independence Focused ETF by 215.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 67,076 shares of the company’s stock worth $4,184,000 after acquiring an additional 45,793 shares during the last quarter. Raymond James & Associates acquired a new position in iShares U.S. Tech Independence Focused ETF during the fourth quarter valued at approximately $2,394,000. Finally, KM Capital Management Ltd. increased its stake in iShares U.S. Tech Independence Focused ETF by 628.9% in the fourth quarter. KM Capital Management Ltd. now owns 27,474 shares of the company’s stock valued at $1,714,000 after purchasing an additional 23,705 shares in the last quarter.

iShares U.S. Tech Independence Focused ETF Stock Down 0.2 %

Shares of BATS IETC traded down $0.11 during midday trading on Monday, reaching $68.07. 19,655 shares of the stock were exchanged. The stock has a market capitalization of $234.84 million, a P/E ratio of 40.47 and a beta of 1.34. The business’s 50 day moving average is $69.55 and its 200-day moving average is $63.80.

About iShares U.S. Tech Independence Focused ETF

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.