iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Stock Price Down 1.5% – Should You Sell?

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRVGet Free Report)’s share price traded down 1.5% during mid-day trading on Monday . The company traded as low as $39.79 and last traded at $39.79. Approximately 24,595 shares changed hands during trading, an increase of 5% from the average daily volume of 23,389 shares. The stock had previously closed at $40.38.

iShares Self-Driving EV and Tech ETF Price Performance

The company has a market cap of $147.22 million, a price-to-earnings ratio of 11.61 and a beta of 1.25. The firm has a fifty day simple moving average of $42.68 and a 200 day simple moving average of $40.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IDRV. Western Wealth Management LLC acquired a new position in iShares Self-Driving EV and Tech ETF during the 1st quarter worth $42,000. Raymond James Financial Inc. bought a new stake in iShares Self-Driving EV and Tech ETF during the second quarter valued at about $119,000. Osaic Holdings Inc. grew its position in shares of iShares Self-Driving EV and Tech ETF by 7.1% in the fourth quarter. Osaic Holdings Inc. now owns 5,639 shares of the company’s stock valued at $214,000 after purchasing an additional 375 shares during the last quarter. WealthSpring Partners LLC acquired a new stake in shares of iShares Self-Driving EV and Tech ETF in the fourth quarter valued at about $214,000. Finally, Creative Planning grew its position in shares of iShares Self-Driving EV and Tech ETF by 14.0% in the third quarter. Creative Planning now owns 8,092 shares of the company’s stock valued at $297,000 after purchasing an additional 994 shares during the last quarter.

About iShares Self-Driving EV and Tech ETF

(Get Free Report)

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.

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