iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Trading Up 1.2% – Here’s What Happened

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB)’s share price were up 1.2% on Tuesday . The stock traded as high as $54.63 and last traded at $54.47. Approximately 20,657 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 30,921 shares. The stock had previously closed at $53.81.

iShares U.S. Tech Breakthrough Multisector ETF Price Performance

The firm has a market cap of $463.00 million, a P/E ratio of 38.50 and a beta of 1.38. The company’s 50-day moving average is $54.44 and its two-hundred day moving average is $51.85.

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. United Advisor Group LLC raised its holdings in iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) by 18.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,752 shares of the company’s stock after acquiring an additional 1,041 shares during the quarter. United Advisor Group LLC owned approximately 0.08% of iShares U.S. Tech Breakthrough Multisector ETF worth $346,000 as of its most recent SEC filing.

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.