iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Stock Price Down 0.7% – Time to Sell?

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV)’s stock price dropped 0.7% during trading on Wednesday. The stock traded as low as $33.28 and last traded at $33.36. Approximately 31,836 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 63,286 shares. The stock had previously closed at $33.61.

iShares Self-Driving EV and Tech ETF Trading Down 0.7%

The company has a market cap of $263.54 million, a price-to-earnings ratio of 11.61 and a beta of 1.30. The business’s 50 day moving average price is $35.72 and its 200-day moving average price is $38.64.

Hedge Funds Weigh In On iShares Self-Driving EV and Tech ETF

A number of large investors have recently made changes to their positions in IDRV. WealthSpring Partners LLC bought a new position in shares of iShares Self-Driving EV and Tech ETF during the fourth quarter worth approximately $214,000. Integrated Wealth Concepts LLC acquired a new position in iShares Self-Driving EV and Tech ETF in the 2nd quarter valued at $104,000. Finally, Western Wealth Management LLC acquired a new position in iShares Self-Driving EV and Tech ETF in the 1st quarter valued at $42,000.

About iShares Self-Driving EV and Tech ETF

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.