iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Stock Price Down 1.4% – What’s Next?

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) shares fell 1.4% on Wednesday . The stock traded as low as $51.48 and last traded at $51.66. 19,595 shares were traded during trading, a decline of 48% from the average session volume of 37,329 shares. The stock had previously closed at $52.41.

iShares U.S. Tech Breakthrough Multisector ETF Stock Up 0.5 %

The company has a market cap of $444.30 million, a PE ratio of 38.50 and a beta of 1.38. The company’s fifty day moving average is $50.66 and its 200-day moving average is $49.10.

Institutional Trading of 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 grew its position in iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) by 49.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,733 shares of the company’s stock after purchasing an additional 6,227 shares during the quarter. Ancora Advisors LLC owned approximately 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.