iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Trading Up 0.6%

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) shares were up 0.6% during mid-day trading on Wednesday . The company traded as high as $50.53 and last traded at $50.45. Approximately 19,895 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 42,639 shares. The stock had previously closed at $50.17.

iShares U.S. Tech Breakthrough Multisector ETF Trading Up 0.6 %

The stock has a market capitalization of $428.83 million, a P/E ratio of 38.50 and a beta of 1.38. The firm’s fifty day moving average is $49.54 and its 200-day moving average is $48.01.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares U.S. Tech Breakthrough Multisector ETF stock. Ancora Advisors LLC boosted its position in shares of iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) by 49.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,733 shares of the company’s stock after buying 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 SEC filing.

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.