iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Shares Up 2.3% – Time to Buy?

Posted by ABMN Staff on Mar 25th, 2025

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB – Get Free Report) shares shot up 2.3% during mid-day trading on Monday . The company traded as high as $51.75 and last traded at $51.70. 23,085 shares traded hands during trading, a decline of 26% from the average session volume of 31,059 shares. The stock had previously closed at $50.56.

iShares U.S. Tech Breakthrough Multisector ETF Price Performance

The firm has a market capitalization of $408.43 million, a P/E ratio of 30.57 and a beta of 1.11. The company has a fifty day moving average of $53.62 and a 200 day moving average of $53.23.

Institutional Trading of iShares U.S. Tech Breakthrough Multisector ETF

Several large investors have recently modified their holdings of the stock. Advisors Preferred LLC bought a new position in iShares U.S. Tech Breakthrough Multisector ETF in the 4th quarter valued at about $178,000. OLD Mission Capital LLC purchased a new stake in iShares U.S. Tech Breakthrough Multisector ETF in the 4th quarter valued at $270,000. Ancora Advisors LLC lifted its stake in iShares U.S. Tech Breakthrough Multisector ETF by 1.3% during the 4th quarter. Ancora Advisors LLC now owns 20,722 shares of the company’s stock valued at $1,102,000 after acquiring an additional 267 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF by 10.0% in the 4th quarter. Ameriprise Financial Inc. now owns 137,286 shares of the company’s stock worth $7,301,000 after acquiring an additional 12,490 shares in the last quarter.

About iShares U.S. Tech Breakthrough Multisector ETF

(Get Free Report)

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.