iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Shares Up 1.2% – Should You Buy?

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) traded up 1.2% on Friday . The company traded as high as $29.61 and last traded at $29.59. 199 shares traded hands during trading, a decline of 82% from the average session volume of 1,099 shares. The stock had previously closed at $29.25.

iShares Breakthrough Environmental Solutions ETF Stock Up 1.2%

The company has a market cap of $4.73 million, a P/E ratio of 18.19 and a beta of 1.12. The stock has a 50 day moving average price of $29.40 and a two-hundred day moving average price of $27.34.

Hedge Funds Weigh In On iShares Breakthrough Environmental Solutions ETF

A hedge fund recently bought a new stake in iShares Breakthrough Environmental Solutions ETF stock. Sunbelt Securities Inc. bought a new stake in iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,637 shares of the company’s stock, valued at approximately $205,000. Sunbelt Securities Inc. owned approximately 4.77% of iShares Breakthrough Environmental Solutions ETF as of its most recent filing with the SEC.

About iShares Breakthrough Environmental Solutions ETF

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.