iShares Future Cloud 5G and Tech ETF (NYSEARCA:IDAT – Get Rating)'s stock price dropped 0.4% during trading on Tuesday . The company traded as low as $22.87 and last traded at $22.99. Approximately 253 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 1,993 shares. The stock had previously closed at $23.09.
iShares Future Cloud 5G and Tech ETF Price Performance
The stock has a market cap of $5.52 million, a price-to-earnings ratio of 15.12 and a beta of 1.17. The stock's 50-day moving average is $23.06 and its 200 day moving average is $21.95.
Get iShares Future Cloud 5G and Tech ETF alerts:Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its stake in shares of iShares Future Cloud 5G and Tech ETF by 4.1% during the 2nd quarter. Jane Street Group LLC now owns 12,603 shares of the company's stock worth $255,000 after purchasing an additional 492 shares in the last quarter. UBS Group AG grew its stake in iShares Future Cloud 5G and Tech ETF by 9,718.2% in the 1st quarter. UBS Group AG now owns 2,160 shares of the company's stock worth $57,000 after acquiring an additional 2,138 shares during the period. Captrust Financial Advisors purchased a new stake in iShares Future Cloud 5G and Tech ETF in the 1st quarter worth approximately $197,000. HighTower Advisors LLC purchased a new stake in iShares Future Cloud 5G and Tech ETF in the 1st quarter worth approximately $263,000. Finally, Flow Traders U.S. LLC purchased a new stake in iShares Future Cloud 5G and Tech ETF in the 1st quarter worth approximately $1,712,000.
About iShares Future Cloud 5G and Tech ETF
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The iShares Cloud 5G and Tech ETF (IDAT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index of global technology companies that focus on two primary themes: cloud computing and 5G. Holdings are weighted by market-cap within each theme. IDAT was launched on Jun 8, 2021 and is managed by BlackRock.
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