iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Trading Down 1.5%

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB)’s share price dropped 1.5% during trading on Tuesday . The stock traded as low as $47.69 and last traded at $48.11. Approximately 17,055 shares changed hands during trading, a decline of 61% from the average daily volume of 44,041 shares. The stock had previously closed at $48.84.

iShares U.S. Tech Breakthrough Multisector ETF Stock Down 1.5 %

The stock has a market cap of $408.94 million, a PE ratio of 38.50 and a beta of 1.38. The firm has a 50 day moving average price of $49.65 and a 200 day moving average price of $47.68.

Hedge Funds 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. Ancora Advisors LLC increased its position in shares of iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) by 49.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,733 shares of the company’s stock after buying an additional 6,227 shares during the period. Ancora Advisors LLC owned about 0.22% of iShares U.S. Tech Breakthrough Multisector ETF worth $897,000 at the end of the most recent quarter.

About iShares U.S. Tech Breakthrough Multisector ETF

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.