Paladin Wealth LLC Sells 21,513 Shares of iShares U.S. Tech Independence Focused ETF $IETC

Paladin Wealth LLC decreased its holdings in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 80.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,104 shares of the company’s stock after selling 21,513 shares during the period. Paladin Wealth LLC owned 0.07% of iShares U.S. Tech Independence Focused ETF worth $583,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of IETC. Hoese & Co LLP lifted its stake in shares of iShares U.S. Tech Independence Focused ETF by 1.5% during the 3rd quarter. Hoese & Co LLP now owns 77,940 shares of the company’s stock valued at $8,897,000 after buying an additional 1,181 shares in the last quarter. Flagship Capital Management Inc. purchased a new position in iShares U.S. Tech Independence Focused ETF in the 3rd quarter valued at approximately $212,000. IFP Advisors Inc grew its stake in iShares U.S. Tech Independence Focused ETF by 92.5% in the 3rd quarter. IFP Advisors Inc now owns 1,074 shares of the company’s stock valued at $123,000 after buying an additional 516 shares in the last quarter. Patriot Investment Management Group Inc. raised its holdings in iShares U.S. Tech Independence Focused ETF by 2.8% during the 3rd quarter. Patriot Investment Management Group Inc. now owns 11,275 shares of the company’s stock valued at $1,287,000 after acquiring an additional 305 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in iShares U.S. Tech Independence Focused ETF by 1,111.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 436 shares of the company’s stock valued at $50,000 after acquiring an additional 400 shares during the period.

iShares U.S. Tech Independence Focused ETF Price Performance

BATS:IETC opened at $105.59 on Monday. The company has a market cap of $760.25 million, a P/E ratio of 37.47 and a beta of 1.18. The stock’s fifty day moving average price is $110.94 and its two-hundred day moving average price is $107.25. iShares U.S. Tech Independence Focused ETF has a 1 year low of $84.32 and a 1 year high of $119.00.

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. The market cap-weighted fund targets an increased exposure to firms with high Technology Independence Score. IETC was launched on Mar 21, 2018 and is managed by BlackRock.