PNC Financial Services Group Inc. Reduces Stock Holdings in iShares Self-Driving EV and Tech ETF $IDRV

PNC Financial Services Group Inc. reduced its holdings in shares of iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,324 shares of the company’s stock after selling 60,712 shares during the period. PNC Financial Services Group Inc. owned approximately 8.77% of iShares Self-Driving EV and Tech ETF worth $12,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moran Wealth Management LLC acquired a new position in shares of iShares Self-Driving EV and Tech ETF during the second quarter valued at about $512,000. Wealthfront Advisers LLC boosted its stake in iShares Self-Driving EV and Tech ETF by 9.0% in the 1st quarter. Wealthfront Advisers LLC now owns 19,081 shares of the company’s stock worth $558,000 after purchasing an additional 1,570 shares in the last quarter. Strategic Advocates LLC grew its position in iShares Self-Driving EV and Tech ETF by 32.0% during the 1st quarter. Strategic Advocates LLC now owns 44,606 shares of the company’s stock worth $1,304,000 after purchasing an additional 10,807 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in iShares Self-Driving EV and Tech ETF by 9.7% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 21,191 shares of the company’s stock worth $648,000 after purchasing an additional 1,871 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in iShares Self-Driving EV and Tech ETF by 237.6% during the 1st quarter. Jones Financial Companies Lllp now owns 26,318 shares of the company’s stock valued at $769,000 after purchasing an additional 18,522 shares in the last quarter.

iShares Self-Driving EV and Tech ETF Trading Down 1.1%

NYSEARCA IDRV opened at $38.37 on Friday. iShares Self-Driving EV and Tech ETF has a 12-month low of $24.48 and a 12-month high of $39.65. The company has a fifty day simple moving average of $37.23 and a two-hundred day simple moving average of $33.96. The stock has a market cap of $168.83 million, a P/E ratio of 11.61 and a beta of 1.29.

iShares Self-Driving EV and Tech ETF 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.