iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Trading 0.5% Higher – Should You Buy?

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRVGet Free Report) shares shot up 0.5% on Wednesday . The company traded as high as $40.09 and last traded at $39.75. 5,183 shares traded hands during trading, a decline of 79% from the average session volume of 25,018 shares. The stock had previously closed at $39.55.

iShares Self-Driving EV and Tech ETF Trading Up 0.5%

The stock’s 50-day simple moving average is $38.97 and its 200-day simple moving average is $37.44. The firm has a market capitalization of $159 million, a P/E ratio of 11.61 and a beta of 1.29.

Hedge Funds Weigh In On iShares Self-Driving EV and Tech ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Accordant Advisory Group Inc bought a new position in shares of iShares Self-Driving EV and Tech ETF during the 2nd quarter worth $2,600,000. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Self-Driving EV and Tech ETF by 5,617.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 48,544 shares of the company’s stock valued at $1,841,000 after purchasing an additional 47,695 shares during the last quarter. Florin Court Capital LLP bought a new position in iShares Self-Driving EV and Tech ETF during the third quarter worth about $1,350,000. Jones Financial Companies Lllp increased its stake in shares of iShares Self-Driving EV and Tech ETF by 237.6% in the first quarter. Jones Financial Companies Lllp now owns 26,318 shares of the company’s stock worth $769,000 after purchasing an additional 18,522 shares in the last quarter. Finally, Moran Wealth Management LLC raised its position in shares of iShares Self-Driving EV and Tech ETF by 71.6% in the third quarter. Moran Wealth Management LLC now owns 28,758 shares of the company’s stock valued at $1,055,000 after purchasing an additional 12,000 shares during the period.

About iShares Self-Driving EV and Tech ETF

(Get Free Report)

The iShares Self-Driving EV and Tech ETF (IDRV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap selected and weighted index of equities related to self-driving vehicles. IDRV was launched on Apr 16, 2019 and is managed by BlackRock.

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