iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Shares Pass Below 200-Day Moving Average – Here’s Why

Shares of iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETECGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.95 and traded as low as $20.03. iShares Breakthrough Environmental Solutions ETF shares last traded at $20.03, with a volume of 489 shares.

iShares Breakthrough Environmental Solutions ETF Trading Up 1.2 %

The stock has a 50-day simple moving average of $21.03 and a 200-day simple moving average of $20.93. The company has a market capitalization of $3.20 million, a price-to-earnings ratio of 19.57 and a beta of 1.28.

About iShares Breakthrough Environmental Solutions ETF

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The iShares Breakthrough Environmental Solutions ETF (ETEC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies involved in breakthrough innovations addressing climate transition. The fund selects stocks by utilizing an Adoption Curve that contributes to a companys aggregate score (sum of revenue earned from green technology and product innovation score) ETEC was launched on Mar 28, 2023 and is managed by BlackRock.

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