iShares U.S. Tech Independence Focused ETF (BATS:IETC) Holdings Trimmed by Truist Financial Corp

Truist Financial Corp cut its holdings in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 22.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,399 shares of the company’s stock after selling 15,423 shares during the quarter. Truist Financial Corp owned about 1.50% of iShares U.S. Tech Independence Focused ETF worth $4,556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IETC. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of iShares U.S. Tech Independence Focused ETF by 13.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 233,125 shares of the company’s stock worth $18,247,000 after purchasing an additional 27,174 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in iShares U.S. Tech Independence Focused ETF in the fourth quarter worth approximately $1,986,000. MML Investors Services LLC increased its holdings in shares of iShares U.S. Tech Independence Focused ETF by 6.0% in the third quarter. MML Investors Services LLC now owns 92,267 shares of the company’s stock valued at $7,231,000 after buying an additional 5,204 shares in the last quarter. Comprehensive Financial Planning Inc. PA bought a new position in shares of iShares U.S. Tech Independence Focused ETF in the fourth quarter valued at $441,000. Finally, JPMorgan Chase & Co. lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,401 shares of the company’s stock valued at $1,834,000 after acquiring an additional 4,259 shares during the last quarter.

iShares U.S. Tech Independence Focused ETF Stock Up 2.1 %

Shares of BATS IETC opened at $85.76 on Monday. The stock has a 50-day moving average of $87.27 and a two-hundred day moving average of $81.94. The firm has a market cap of $304.46 million, a PE ratio of 42.52 and a beta of 1.38.

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.