IETC Stock Summary and Trading Ideas (iShares U.S. Tech Independence Focused ETF | BATS:IETC)

The fund seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system, while targeting increased exposure to U.S. firms with a greater proportion of technological capabilities, revenues, and production in the U.S. and select global markets relative to the proprietary classification system.

iShares U.S. Tech Independence Focused ETF trades on the BATS stock market under the symbol IETC.

As of April 24, 2024, IETC stock price declined to $67.12 with 16,209 million shares trading.

IETC has a beta of 1.41, meaning it tends to be more sensitive to market movements. IETC has a correlation of 0.79 to the broad based SPY ETF.

IETC has a market cap of $238.28 million. This is considered a Small Cap stock.

In the last 3 years, IETC stock traded as high as $72.00 and as low as $37.80.

IETC has outperformed the market in the last year with a return of +44.8%, while the SPY ETF gained +24.4%. However, in the most recent history, IETC shares have underperformed the stock market with its stock returning +2.5% in the last 3 month period and -5.0% for the last 2 week period, while SPY has returned +4.7% and -2.6%, respectively.

IETC support price is $66.50 and resistance is $68.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IETC stock will trade within this expected range on the day.