iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Stock Price Down 0.2% – Time to Sell?

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) fell 0.2% during trading on Thursday . The stock traded as low as $61.43 and last traded at $61.86. 17,429 shares were traded during trading, a decline of 28% from the average session volume of 24,158 shares. The stock had previously closed at $61.99.

iShares U.S. Tech Breakthrough Multisector ETF Stock Performance

The firm’s 50 day moving average is $61.58 and its 200 day moving average is $58.96. The stock has a market cap of $454.67 million, a P/E ratio of 30.82 and a beta of 1.17.

Institutional Trading of iShares U.S. Tech Breakthrough Multisector ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ancora Advisors LLC boosted its position in shares of iShares U.S. Tech Breakthrough Multisector ETF by 2.2% in the 1st quarter. Ancora Advisors LLC now owns 21,179 shares of the company’s stock worth $1,036,000 after purchasing an additional 457 shares in the last quarter. Fiduciary Alliance LLC purchased a new stake in iShares U.S. Tech Breakthrough Multisector ETF in the second quarter valued at about $324,000. Finally, JPMorgan Chase & Co. boosted its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% in the third quarter. JPMorgan Chase & Co. now owns 1,343 shares of the company’s stock worth $81,000 after acquiring an additional 1,271 shares in the last quarter.

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.