iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC – Get Free Report)’s share price dropped 3.4% during mid-day trading on Wednesday. The stock traded as low as $23.38 and last traded at $23.3810. Approximately 89 shares traded hands during trading, a decline of 90% from the average daily volume of 863 shares. The stock had previously closed at $24.20.
iShares Breakthrough Environmental Solutions ETF Stock Performance
The firm has a market cap of $3.70 million, a P/E ratio of 18.19 and a beta of 1.17. The firm’s fifty day moving average price is $25.47 and its 200 day moving average price is $27.66.
Hedge Funds Weigh In On iShares Breakthrough Environmental Solutions ETF
An institutional investor recently bought a new stake in iShares Breakthrough Environmental Solutions ETF stock. Sunbelt Securities Inc. bought a new position in shares of iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,637 shares of the company’s stock, valued at approximately $205,000. Sunbelt Securities Inc. owned 4.77% of iShares Breakthrough Environmental Solutions ETF as of its most recent SEC filing.
iShares Breakthrough Environmental Solutions ETF Company Profile
The iShares Breakthrough Environmental Solutions ETF (ETEC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies involved in breakthrough innovations addressing climate transition. The fund selects stocks by utilizing an Adoption Curve that contributes to a companys aggregate score (sum of revenue earned from green technology and product innovation score) ETEC was launched on Mar 28, 2023 and is managed by BlackRock.
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