iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Shares Down 0.4% – Here’s What Happened

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV)’s share price were down 0.4% on Monday . The stock traded as low as $40.06 and last traded at $40.09. Approximately 19,904 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 24,906 shares. The stock had previously closed at $40.26.

iShares Self-Driving EV and Tech ETF Trading Down 0.4%

The firm has a market cap of $160.36 million, a price-to-earnings ratio of 11.61 and a beta of 1.29. The stock’s fifty day moving average price is $38.46 and its 200-day moving average price is $36.79.

Hedge Funds Weigh In On iShares Self-Driving EV and Tech ETF

Large investors have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in shares of iShares Self-Driving EV and Tech ETF by 5.3% during the 1st quarter. Royal Bank of Canada now owns 12,460 shares of the company’s stock worth $364,000 after purchasing an additional 626 shares during the period. Jones Financial Companies Lllp boosted its stake in iShares Self-Driving EV and Tech ETF by 237.6% during the first quarter. Jones Financial Companies Lllp now owns 26,318 shares of the company’s stock worth $769,000 after buying an additional 18,522 shares during the period. H&H Retirement Design & Management INC increased its position in shares of iShares Self-Driving EV and Tech ETF by 6.5% during the second quarter. H&H Retirement Design & Management INC now owns 32,505 shares of the company’s stock valued at $1,095,000 after acquiring an additional 1,994 shares during the last quarter. Moran Wealth Management LLC purchased a new stake in shares of iShares Self-Driving EV and Tech ETF in the 2nd quarter valued at approximately $512,000. Finally, Smithfield Trust Co purchased a new stake in shares of iShares Self-Driving EV and Tech ETF in the 2nd quarter valued at approximately $35,000.

About iShares Self-Driving EV and Tech ETF

The iShares Self-Driving EV and Tech ETF (IDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap selected and weighted index of equities related to self-driving vehicles. IDRV was launched on Apr 16, 2019 and is managed by BlackRock.