Mirae Asset Global Investments Co. Ltd. Has $18.25 Million Holdings in iShares U.S. Tech Independence Focused ETF (BATS:IETC)

Mirae Asset Global Investments Co. Ltd. raised its position in iShares U.S. Tech Independence Focused ETF (BATS:IETC) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,125 shares of the company’s stock after buying an additional 27,174 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 6.57% of iShares U.S. Tech Independence Focused ETF worth $18,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Montag A & Associates Inc. acquired a new position in shares of iShares U.S. Tech Independence Focused ETF during the first quarter worth approximately $204,000. Haverford Trust Co acquired a new position in shares of iShares U.S. Tech Independence Focused ETF during the first quarter worth approximately $221,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of iShares U.S. Tech Independence Focused ETF during the second quarter worth approximately $263,000. Sanctuary Advisors LLC acquired a new position in shares of iShares U.S. Tech Independence Focused ETF during the second quarter worth approximately $289,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 24.1% during the first quarter. Commonwealth Equity Services LLC now owns 9,355 shares of the company’s stock worth $662,000 after purchasing an additional 1,814 shares in the last quarter.

iShares U.S. Tech Independence Focused ETF Price Performance

Shares of IETC stock opened at $79.98 on Friday. The business’s 50-day moving average is $77.34 and its 200 day moving average is $73.83. The firm has a market capitalization of $283.93 million, a price-to-earnings 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.