JPMorgan Chase & Co. Grows Stake in iShares U.S. Tech Independence Focused ETF (BATS:IETC)

JPMorgan Chase & Co. increased its holdings in shares of iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 22.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,401 shares of the company’s stock after purchasing an additional 4,259 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares U.S. Tech Independence Focused ETF were worth $1,834,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IETC. Sanctuary Advisors LLC purchased a new position in shares of iShares U.S. Tech Independence Focused ETF during the second quarter worth about $289,000. Lansing Street Advisors lifted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 5.0% in the 3rd quarter. Lansing Street Advisors now owns 7,456 shares of the company’s stock valued at $584,000 after purchasing an additional 357 shares during the last quarter. Kozak & Associates Inc. boosted its position in shares of iShares U.S. Tech Independence Focused ETF by 1.4% in the 3rd quarter. Kozak & Associates Inc. now owns 674,967 shares of the company’s stock valued at $54,321,000 after purchasing an additional 9,307 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in iShares U.S. Tech Independence Focused ETF by 13.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 233,125 shares of the company’s stock worth $18,247,000 after buying an additional 27,174 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in iShares U.S. Tech Independence Focused ETF during the 2nd quarter worth approximately $263,000.

iShares U.S. Tech Independence Focused ETF Stock Performance

Shares of BATS:IETC opened at $89.34 on Thursday. The firm has a market cap of $317.14 million, a PE ratio of 42.52 and a beta of 1.38. The stock’s fifty day simple moving average is $85.02 and its two-hundred day simple moving average is $79.63.

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.