iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Trading Down 1.5%

Shares of iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) traded down 1.5% during trading on Tuesday . The company traded as low as $47.69 and last traded at $48.11. 17,055 shares were traded during mid-day trading, a decline of 61% from the average session volume of 44,041 shares. The stock had previously closed at $48.84.

iShares U.S. Tech Breakthrough Multisector ETF Stock Down 1.5 %

The business’s 50-day moving average price is $49.65 and its 200 day moving average price is $47.68. The company has a market capitalization of $408.94 million, a P/E ratio of 38.50 and a beta of 1.38.

Institutional Investors Weigh In On iShares U.S. Tech Breakthrough Multisector ETF

A hedge fund recently raised its stake in iShares U.S. Tech Breakthrough Multisector ETF stock. Ancora Advisors LLC raised its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) by 49.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,733 shares of the company’s stock after purchasing an additional 6,227 shares during the quarter. Ancora Advisors LLC owned 0.22% of iShares U.S. Tech Breakthrough Multisector ETF worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.