iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB – Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $75.80 and last traded at $75.80, with a volume of 6468 shares trading hands. The stock had previously closed at $74.49.
iShares U.S. Tech Breakthrough Multisector ETF Stock Up 1.8%
The company has a market cap of $500.28 million, a price-to-earnings ratio of 30.82 and a beta of 1.25. The business has a 50-day simple moving average of $70.98 and a two-hundred day simple moving average of $64.54.
Institutional Investors Weigh In On iShares U.S. Tech Breakthrough Multisector ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kirtland Hills Capital Management LLC grew its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 50.2% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 12,229 shares of the company’s stock valued at $745,000 after purchasing an additional 4,089 shares during the last quarter. Ancora Advisors LLC lifted its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF by 4.4% in the third quarter. Ancora Advisors LLC now owns 22,121 shares of the company’s stock worth $1,335,000 after buying an additional 939 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% in the third quarter. JPMorgan Chase & Co. now owns 1,343 shares of the company’s stock worth $81,000 after buying an additional 1,271 shares during the last quarter. Finally, Elyxium Wealth LLC bought a new stake in shares of iShares U.S. Tech Breakthrough Multisector ETF during the 4th quarter worth $49,000.
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.
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