iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Trading 0.4% Higher

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) shares shot up 0.4% during mid-day trading on Monday . The stock traded as high as $50.16 and last traded at $50.01. 39,550 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 46,860 shares. The stock had previously closed at $49.83.

iShares U.S. Tech Breakthrough Multisector ETF Stock Performance

The company has a 50-day moving average of $47.27 and a 200-day moving average of $45.90. The firm has a market capitalization of $425.08 million, a price-to-earnings ratio of 38.50 and a beta of 1.38.

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

An institutional investor recently raised its position in iShares U.S. Tech Breakthrough Multisector ETF stock. Ancora Advisors LLC boosted its holdings in iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) by 49.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,733 shares of the company’s stock after acquiring an additional 6,227 shares during the period. Ancora Advisors LLC owned 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.

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.