iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Stock Price Down 1.3% – Time to Sell?

Posted by Dante Gardener on Dec 10th, 2024

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB – Get Free Report)’s share price were down 1.3% during mid-day trading on Monday . The stock traded as low as $55.82 and last traded at $55.88. Approximately 28,418 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 35,540 shares. The stock had previously closed at $56.59.

iShares U.S. Tech Breakthrough Multisector ETF Stock Down 1.3 %

The firm has a market cap of $474.98 million, a price-to-earnings ratio of 38.50 and a beta of 1.38. The stock’s 50 day moving average is $53.24 and its 200 day moving average is $50.81.

Institutional Investors Weigh In On iShares U.S. Tech Breakthrough Multisector ETF

A hedge fund recently raised its stake in iShares U.S. Tech Breakthrough Multisector ETF stock. United Advisor Group LLC increased its holdings in iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB – Free Report) by 18.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,752 shares of the company’s stock after purchasing an additional 1,041 shares during the quarter. United Advisor Group LLC owned 0.08% of iShares U.S. Tech Breakthrough Multisector ETF worth $346,000 at the end of the most recent quarter.

iShares U.S. Tech Breakthrough Multisector ETF Company Profile

(Get Free Report)

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.