iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV) Trading Up 1.3% – Still a Buy?

iShares Self-Driving EV and Tech ETF (NYSEARCA:IDRV)’s stock price were up 1.3% during mid-day trading on Friday . The stock traded as high as $31.95 and last traded at $31.85. Approximately 8,396 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 39,698 shares. The stock had previously closed at $31.45.

iShares Self-Driving EV and Tech ETF Price Performance

The firm has a market capitalization of $152.88 million, a PE ratio of 11.61 and a beta of 1.36. The company has a 50-day moving average price of $30.50 and a 200-day moving average price of $29.92.

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

Several institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its stake in iShares Self-Driving EV and Tech ETF by 237.6% in the first 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 during the last quarter. Royal Bank of Canada increased its stake in iShares Self-Driving EV and Tech ETF by 5.3% in the first quarter. Royal Bank of Canada now owns 12,460 shares of the company’s stock valued at $364,000 after purchasing an additional 626 shares during the last quarter. Florin Court Capital LLP acquired a new stake in iShares Self-Driving EV and Tech ETF during the first quarter worth about $391,000. Strategic Advocates LLC increased its stake in iShares Self-Driving EV and Tech ETF by 32.0% during the first quarter. Strategic Advocates LLC now owns 44,606 shares of the company’s stock worth $1,304,000 after acquiring an additional 10,807 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its stake in iShares Self-Driving EV and Tech ETF by 9.0% during the first quarter. Wealthfront Advisers LLC now owns 19,081 shares of the company’s stock worth $558,000 after acquiring an additional 1,570 shares during the last quarter.

iShares Self-Driving EV and Tech ETF Company 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.