iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Stock Price Down 3% – Time to Sell?

Shares of iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) dropped 3% during mid-day trading on Thursday . The stock traded as low as $42.12 and last traded at $42.60. Approximately 7,789 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 20,100 shares. The stock had previously closed at $43.91.

iShares Self-Driving EV and Tech ETF Stock Performance

The firm has a market capitalization of $157.62 million, a P/E ratio of 11.61 and a beta of 1.23. The firm has a 50-day moving average of $39.38 and a 200-day moving average of $38.69.

Hedge Funds Weigh In On iShares Self-Driving EV and Tech ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in iShares Self-Driving EV and Tech ETF in the 2nd quarter valued at approximately $119,000. Osaic Holdings Inc. lifted its position in iShares Self-Driving EV and Tech ETF by 7.1% in the 4th quarter. Osaic Holdings Inc. now owns 5,639 shares of the company’s stock valued at $214,000 after acquiring an additional 375 shares in the last quarter. WealthSpring Partners LLC bought a new position in iShares Self-Driving EV and Tech ETF in the 4th quarter valued at approximately $214,000. Creative Planning lifted its position in iShares Self-Driving EV and Tech ETF by 14.0% in the 3rd quarter. Creative Planning now owns 8,092 shares of the company’s stock valued at $297,000 after acquiring an additional 994 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in iShares Self-Driving EV and Tech ETF by 33.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 10,848 shares of the company’s stock valued at $397,000 after acquiring an additional 2,710 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.