iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Sets New 52-Week High – Still a Buy?

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $76.15 and last traded at $76.15, with a volume of 671 shares trading hands. The stock had previously closed at $74.90.

iShares U.S. Tech Breakthrough Multisector ETF Stock Down 0.8%

The firm has a 50 day simple moving average of $72.14 and a two-hundred day simple moving average of $65.79. The stock has a market capitalization of $503.05 million, a P/E ratio of 30.82 and a beta of 1.25.

Hedge Funds Weigh In On iShares U.S. Tech Breakthrough Multisector ETF

A number of institutional investors have recently modified their holdings of the business. Kirtland Hills Capital Management LLC lifted its position in shares of iShares U.S. Tech Breakthrough Multisector ETF by 50.2% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 12,229 shares of the company’s stock worth $745,000 after buying an additional 4,089 shares during the last quarter. JPMorgan Chase & Co. grew its position in 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 valued at $81,000 after acquiring an additional 1,271 shares during the last quarter. Ancora Advisors LLC grew its position in 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 valued at $1,335,000 after acquiring an additional 939 shares during the last quarter. Finally, Elyxium Wealth LLC bought a new position in iShares U.S. Tech Breakthrough Multisector ETF in the fourth quarter valued at about $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.