iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Stock Price Down 3% – Time to Sell?

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV)’s stock price dropped 3% during trading on Thursday . The stock traded as low as $42.12 and last traded at $42.60. Approximately 7,789 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 20,100 shares. The stock had previously closed at $43.91.

iShares Self-Driving EV and Tech ETF Trading Down 3.0%

The stock has a market capitalization of $157.62 million, a PE ratio of 11.61 and a beta of 1.23. The firm has a 50 day moving average price of $39.38 and a 200 day moving average price of $38.69.

Institutional Investors Weigh In On iShares Self-Driving EV and Tech ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC grew its position in shares of iShares Self-Driving EV and Tech ETF by 7.8% during the third quarter. Citadel Advisors LLC now owns 113,837 shares of the company’s stock valued at $4,174,000 after purchasing an additional 8,214 shares in the last quarter. Accordant Advisory Group Inc grew its position in shares of iShares Self-Driving EV and Tech ETF by 0.4% during the third quarter. Accordant Advisory Group Inc now owns 85,354 shares of the company’s stock valued at $3,130,000 after purchasing an additional 339 shares in the last quarter. UBS Group AG grew its position in shares of iShares Self-Driving EV and Tech ETF by 10.2% during the third quarter. UBS Group AG now owns 54,704 shares of the company’s stock valued at $2,006,000 after purchasing an additional 5,057 shares in the last quarter. Susquehanna International Group LLP grew its position in shares of iShares Self-Driving EV and Tech ETF by 21.2% during the third quarter. Susquehanna International Group LLP now owns 53,033 shares of the company’s stock valued at $1,945,000 after purchasing an additional 9,288 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of 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 in the last quarter.

iShares Self-Driving EV and Tech ETF Company Profile

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.