Shares of iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB – Get Free Report) dropped 1.9% during mid-day trading on Tuesday . The company traded as low as $59.41 and last traded at $59.47. Approximately 9,906 shares changed hands during trading, a decline of 30% from the average daily volume of 14,192 shares. The stock had previously closed at $60.64.
iShares U.S. Tech Breakthrough Multisector ETF Stock Down 1.9%
The stock has a fifty day moving average of $61.07 and a two-hundred day moving average of $60.15. The stock has a market cap of $428.18 million, a price-to-earnings ratio of 30.82 and a beta of 1.17.
Institutional Trading of iShares U.S. Tech Breakthrough Multisector ETF
A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% during the third quarter. JPMorgan Chase & Co. now owns 1,343 shares of the company’s stock worth $81,000 after buying an additional 1,271 shares during the period. Fiduciary Alliance LLC boosted its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF by 12.9% during the 3rd quarter. Fiduciary Alliance LLC now owns 6,385 shares of the company’s stock worth $385,000 after acquiring an additional 728 shares in the last quarter. Finally, Ancora Advisors LLC grew its holdings in shares of iShares U.S. Tech Breakthrough Multisector ETF by 4.4% in the 3rd quarter. Ancora Advisors LLC now owns 22,121 shares of the company’s stock worth $1,335,000 after acquiring an additional 939 shares during the period.
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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