iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Shares Down 1.4% – Here’s What Happened

Posted by Thomas Dobrow on Oct 26th, 2024

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB – Get Free Report)’s share price were down 1.4% during trading on Wednesday . The company traded as low as $51.48 and last traded at $51.66. Approximately 19,595 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 37,329 shares. The stock had previously closed at $52.41.

iShares U.S. Tech Breakthrough Multisector ETF Stock Performance

The firm has a market capitalization of $444.30 million, a price-to-earnings ratio of 38.50 and a beta of 1.38. The company has a 50 day moving average price of $50.66 and a two-hundred day moving average price of $49.10.

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

An institutional investor recently raised its position in iShares U.S. Tech Breakthrough Multisector ETF stock. Ancora Advisors LLC boosted its position in iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB – Free Report) by 49.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,733 shares of the company’s stock after purchasing an additional 6,227 shares during the quarter. 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 reporting period.

iShares U.S. Tech Breakthrough Multisector ETF Company Profile

(Get Free Report)

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.