iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Stock Price Down 1.8% – Here’s Why

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) dropped 1.8% during mid-day trading on Monday . The stock traded as low as $52.05 and last traded at $52.36. Approximately 25,535 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 39,361 shares. The stock had previously closed at $53.34.

iShares U.S. Tech Breakthrough Multisector ETF Price Performance

The firm has a market capitalization of $429.35 million, a price-to-earnings ratio of 35.45 and a beta of 1.08. The firm has a 50 day moving average price of $54.54 and a 200-day moving average price of $53.13.

Hedge Funds Weigh In On iShares U.S. Tech Breakthrough Multisector ETF

Large investors have recently bought and sold shares of the business. Advisors Preferred LLC purchased a new position in iShares U.S. Tech Breakthrough Multisector ETF in the fourth quarter valued at $178,000. OLD Mission Capital LLC purchased a new position in iShares U.S. Tech Breakthrough Multisector ETF in the fourth quarter valued at $270,000. United Advisor Group LLC increased its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 18.2% in the third quarter. United Advisor Group LLC now owns 6,752 shares of the company’s stock valued at $346,000 after buying an additional 1,041 shares during the last quarter. Ancora Advisors LLC increased its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 1.3% in the fourth quarter. Ancora Advisors LLC now owns 20,722 shares of the company’s stock valued at $1,102,000 after buying an additional 267 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 10.0% in the fourth quarter. Ameriprise Financial Inc. now owns 137,286 shares of the company’s stock valued at $7,301,000 after buying an additional 12,490 shares during the last quarter.

iShares U.S. Tech Breakthrough Multisector ETF Company Profile

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.