iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Trading Down 1.4% – Time to Sell?

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) shares fell 1.4% during mid-day trading on Wednesday . The stock traded as low as $51.48 and last traded at $51.66. 19,595 shares were traded during mid-day trading, a decline of 48% from the average session volume of 37,329 shares. The stock had previously closed at $52.41.

iShares U.S. Tech Breakthrough Multisector ETF Price Performance

The firm has a market capitalization of $439.11 million, a P/E ratio of 38.50 and a beta of 1.38. The stock’s fifty day simple moving average is $50.60 and its 200 day simple moving average is $49.08.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares U.S. Tech Breakthrough Multisector ETF stock. Ancora Advisors LLC grew its position in iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) by 49.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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

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.