iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Stock Price Down 0.7% – Time to Sell?

Shares of iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) fell 0.7% during mid-day trading on Thursday . The company traded as low as $44.75 and last traded at $44.97. 20,126 shares were traded during mid-day trading, a decline of 8% from the average session volume of 21,784 shares. The stock had previously closed at $45.28.

iShares Self-Driving EV and Tech ETF Trading Down 0.7%

The firm has a market cap of $166.39 million, a PE ratio of 11.61 and a beta of 1.25. The stock has a 50 day simple moving average of $40.42 and a 200-day simple moving average of $39.34.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IDRV. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares Self-Driving EV and Tech ETF by 5,617.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 48,544 shares of the company’s stock valued at $1,841,000 after purchasing an additional 47,695 shares in the last quarter. Florin Court Capital LLP purchased a new position in shares of iShares Self-Driving EV and Tech ETF during the third quarter valued at about $1,350,000. Jones Financial Companies Lllp grew its position in shares of iShares Self-Driving EV and Tech ETF by 237.6% during the first quarter. Jones Financial Companies Lllp now owns 26,318 shares of the company’s stock valued at $769,000 after purchasing an additional 18,522 shares in the last quarter. Susquehanna International Group LLP grew its position in shares of iShares Self-Driving EV and Tech ETF by 21.2% during the third quarter. Susquehanna International Group LLP now owns 53,033 shares of the company’s stock valued at $1,945,000 after purchasing an additional 9,288 shares in the last quarter. Finally, Citadel Advisors LLC grew its position in shares of iShares Self-Driving EV and Tech ETF by 7.8% during the third quarter. Citadel Advisors LLC now owns 113,837 shares of the company’s stock valued at $4,174,000 after purchasing an additional 8,214 shares in the last quarter.

About iShares Self-Driving EV and Tech ETF

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.