Shares of iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB – Get Free Report) traded up 2.3% on Monday . The company traded as high as $51.75 and last traded at $51.70. 23,085 shares traded hands during trading, a decline of 26% from the average session volume of 31,059 shares. The stock had previously closed at $50.56.
iShares U.S. Tech Breakthrough Multisector ETF Price Performance
The stock has a market cap of $402.03 million, a PE ratio of 30.57 and a beta of 1.11. The company has a 50-day simple moving average of $53.62 and a 200-day simple moving average of $53.26.
Institutional Trading of iShares U.S. Tech Breakthrough Multisector ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Preferred LLC purchased a new position in iShares U.S. Tech Breakthrough Multisector ETF in the fourth quarter valued at about $178,000. OLD Mission Capital LLC purchased a new position in iShares U.S. Tech Breakthrough Multisector ETF in the 4th quarter valued at approximately $270,000. Ancora Advisors LLC raised its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 1.3% during the fourth quarter. Ancora Advisors LLC now owns 20,722 shares of the company’s stock worth $1,102,000 after purchasing an additional 267 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in iShares U.S. Tech Breakthrough Multisector ETF by 10.0% during the fourth quarter. Ameriprise Financial Inc. now owns 137,286 shares of the company’s stock worth $7,301,000 after purchasing an additional 12,490 shares in the last quarter.
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.
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