iShares U.S. Tech Independence Focused ETF (BATS:IETC) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lessened its stake in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 2.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 12,836 shares of the company’s stock after selling 373 shares during the period. Pallas Capital Advisors LLC’s holdings in iShares U.S. Tech Independence Focused ETF were worth $962,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in IETC. Montag A & Associates Inc. increased its position in iShares U.S. Tech Independence Focused ETF by 48.5% in the 4th quarter. Montag A & Associates Inc. now owns 3,883 shares of the company’s stock valued at $331,000 after acquiring an additional 1,268 shares during the period. Sanctuary Advisors LLC increased its position in iShares U.S. Tech Independence Focused ETF by 16.4% during the 4th quarter. Sanctuary Advisors LLC now owns 4,582 shares of the company’s stock worth $397,000 after purchasing an additional 645 shares during the period. Atria Wealth Solutions Inc. increased its position in iShares U.S. Tech Independence Focused ETF by 405.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 70,007 shares of the company’s stock worth $5,973,000 after purchasing an additional 56,145 shares during the period. Financial Perspectives Inc increased its position in iShares U.S. Tech Independence Focused ETF by 2.2% during the 4th quarter. Financial Perspectives Inc now owns 10,773 shares of the company’s stock worth $919,000 after purchasing an additional 236 shares during the period. Finally, Sigma Planning Corp increased its position in iShares U.S. Tech Independence Focused ETF by 11.1% during the 4th quarter. Sigma Planning Corp now owns 5,300 shares of the company’s stock worth $452,000 after purchasing an additional 530 shares during the period.

iShares U.S. Tech Independence Focused ETF Trading Up 7.0%

BATS IETC opened at $89.87 on Wednesday. The business’s 50 day moving average is $80.52 and its two-hundred day moving average is $82.84. iShares U.S. Tech Independence Focused ETF has a 12-month low of $64.06 and a 12-month high of $90.20. The stock has a market capitalization of $593.14 million, a price-to-earnings ratio of 38.09 and a beta of 1.17.

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.