iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Stock Falls 0.7% – Should You Sell?

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) shares dropped 0.7% during trading on Wednesday. The stock traded as low as $33.28 and last traded at $33.36. 31,836 shares traded hands during trading, a decline of 50% from the average daily volume of 63,286 shares. The stock had previously closed at $33.61.

iShares Self-Driving EV and Tech ETF Price Performance

The company has a market cap of $263.46 million, a PE ratio of 11.61 and a beta of 1.30. The stock has a 50 day simple moving average of $35.65 and a two-hundred day simple moving average of $38.62.

Institutional Trading of iShares Self-Driving EV and Tech ETF

Several institutional investors and hedge funds have recently bought and sold shares of IDRV. Integrated Wealth Concepts LLC purchased a new stake in shares of iShares Self-Driving EV and Tech ETF in the second quarter valued at about $104,000. Western Wealth Management LLC purchased a new stake in shares of iShares Self-Driving EV and Tech ETF during the first quarter worth approximately $42,000. Finally, WealthSpring Partners LLC acquired a new stake in shares of iShares Self-Driving EV and Tech ETF during the fourth quarter worth $214,000.

iShares Self-Driving EV and Tech ETF Company Profile

The iShares Self-Driving EV and Tech ETF (IDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap selected and weighted index of equities related to self-driving vehicles. IDRV was launched on Apr 16, 2019 and is managed by BlackRock.