iShares Future Cloud 5G and Tech ETF (NYSEARCA:IDAT) Shares Down 1.2%

Shares of iShares Future Cloud 5G and Tech ETF (NYSEARCA:IDATGet Free Report) fell 1.2% during trading on Tuesday . The stock traded as low as $29.14 and last traded at $29.33. 671 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 1,571 shares. The stock had previously closed at $29.71.

iShares Future Cloud 5G and Tech ETF Price Performance

The company has a fifty day moving average of $28.83 and a 200 day moving average of $26.31. The firm has a market capitalization of $7.04 million, a P/E ratio of 17.87 and a beta of 1.17.

Hedge Funds Weigh In On iShares Future Cloud 5G and Tech ETF

A number of institutional investors and hedge funds have recently modified their holdings of IDAT. UBS Group AG lifted its holdings in shares of iShares Future Cloud 5G and Tech ETF by 9,718.2% in the 1st quarter. UBS Group AG now owns 2,160 shares of the company’s stock worth $57,000 after purchasing an additional 2,138 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of iShares Future Cloud 5G and Tech ETF during the 1st quarter worth $197,000. Jane Street Group LLC raised its stake in shares of iShares Future Cloud 5G and Tech ETF by 4.1% during the 2nd quarter. Jane Street Group LLC now owns 12,603 shares of the company’s stock worth $255,000 after purchasing an additional 492 shares during the period. HighTower Advisors LLC bought a new stake in shares of iShares Future Cloud 5G and Tech ETF during the 1st quarter worth $263,000. Finally, CreativeOne Wealth LLC raised its stake in iShares Future Cloud 5G and Tech ETF by 106.8% in the 2nd quarter. CreativeOne Wealth LLC now owns 18,200 shares of the company’s stock valued at $443,000 after acquiring an additional 9,400 shares during the period.

About iShares Future Cloud 5G and Tech ETF

(Get Free Report)

The iShares Cloud 5G and Tech ETF (IDAT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index of global technology companies that focus on two primary themes: cloud computing and 5G. Holdings are weighted by market-cap within each theme. IDAT was launched on Jun 8, 2021 and is managed by BlackRock.

Further Reading

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