iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Stock Price Up 0.4% – Here’s Why

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB)’s share price rose 0.4% during trading on Thursday . The company traded as high as $55.70 and last traded at $55.50. Approximately 16,827 shares traded hands during trading, a decline of 43% from the average daily volume of 29,739 shares. The stock had previously closed at $55.28.

iShares U.S. Tech Breakthrough Multisector ETF Stock Performance

The firm has a fifty day simple moving average of $51.06 and a 200-day simple moving average of $52.62. The firm has a market cap of $430.13 million, a price-to-earnings ratio of 30.68 and a beta of 1.17.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. OLD Mission Capital LLC acquired a new stake in iShares U.S. Tech Breakthrough Multisector ETF during the 4th quarter valued at approximately $270,000. Ancora Advisors LLC grew its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 1.3% during the 4th quarter. Ancora Advisors LLC now owns 20,722 shares of the company’s stock worth $1,102,000 after acquiring an additional 267 shares during the period. Ameriprise Financial Inc. grew its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 10.0% during the 4th quarter. Ameriprise Financial Inc. now owns 137,286 shares of the company’s stock worth $7,301,000 after acquiring an additional 12,490 shares during the period. Farther Finance Advisors LLC acquired a new stake in iShares U.S. Tech Breakthrough Multisector ETF during the 1st quarter worth about $431,000. Finally, Steph & Co. acquired a new stake in iShares U.S. Tech Breakthrough Multisector ETF during the 1st quarter worth about $44,000.

iShares U.S. Tech Breakthrough Multisector ETF Company Profile

The iShares U.S. Tech Breakthrough Multisector ETF (TECB) is an exchange-traded fund that is based on the NYSE FactSet U.S. Tech Breakthrough index. The fund tracks an index of US equities that could benefit from breakthrough technologies, modified market cap weighted. TECB was launched on Jan 8, 2020 and is managed by BlackRock.