iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Stock Price Up 0.4% – What’s Next?

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB)’s share price were up 0.4% during trading on Thursday . The company traded as high as $55.70 and last traded at $55.50. Approximately 16,827 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 29,739 shares. The stock had previously closed at $55.28.

iShares U.S. Tech Breakthrough Multisector ETF Price Performance

The stock has a market capitalization of $430.13 million, a price-to-earnings ratio of 30.68 and a beta of 1.17. The business’s fifty day moving average price is $51.06 and its 200-day moving average price is $52.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in iShares U.S. Tech Breakthrough Multisector ETF by 10.0% in the fourth quarter. Ameriprise Financial Inc. now owns 137,286 shares of the company’s stock worth $7,301,000 after purchasing an additional 12,490 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in iShares U.S. Tech Breakthrough Multisector ETF in the first quarter valued at about $431,000. OLD Mission Capital LLC purchased a new position in iShares U.S. Tech Breakthrough Multisector ETF in the fourth quarter valued at about $270,000. Steph & Co. purchased a new position in iShares U.S. Tech Breakthrough Multisector ETF in the first quarter valued at about $44,000. Finally, Ancora Advisors LLC boosted its stake in iShares U.S. Tech Breakthrough Multisector ETF by 2.2% in the first quarter. Ancora Advisors LLC now owns 21,179 shares of the company’s stock valued at $1,036,000 after acquiring an additional 457 shares during 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.