Farther Finance Advisors LLC trimmed its holdings in shares of iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB – Free Report) by 37.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,489 shares of the company’s stock after selling 3,276 shares during the quarter. Farther Finance Advisors LLC owned 0.07% of iShares U.S. Tech Breakthrough Multisector ETF worth $315,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in TECB. Fiduciary Alliance LLC purchased a new stake in shares of iShares U.S. Tech Breakthrough Multisector ETF during the 2nd quarter valued at about $324,000. Steph & Co. purchased a new stake in shares of iShares U.S. Tech Breakthrough Multisector ETF during the 1st quarter valued at about $44,000. Finally, Ancora Advisors LLC grew its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 2.2% during the 1st quarter. Ancora Advisors LLC now owns 21,179 shares of the company’s stock valued at $1,036,000 after purchasing an additional 457 shares during the last quarter.
iShares U.S. Tech Breakthrough Multisector ETF Price Performance
Shares of NYSEARCA TECB opened at $60.36 on Tuesday. The company has a market cap of $458.74 million, a P/E ratio of 30.82 and a beta of 1.04. iShares U.S. Tech Breakthrough Multisector ETF has a 1 year low of $41.69 and a 1 year high of $61.52. The firm has a 50-day simple moving average of $58.63 and a two-hundred day simple moving average of $54.60.
About iShares U.S. Tech Breakthrough Multisector ETF
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.
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