5-Mar-2025
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Vanguard says AI will drive unprecedented growth and transform the labor market
Seeking Alpha News (Wed, 5-Mar 1:40 PM ET)
The iShares U.S. Tech Breakthrough Multisector ETF (the Fund ) seeks to track the investment results of an index composed of U.S. companies that could benefit from various breakthrough technologies, including robotics and artificial intelligence, cloud and data tech, cybersecurity, genomics and immunology, and financial technology.
iShares U.S. Tech Breakthrough Multisector ETF trades on the ARCA stock market under the symbol TECB.
As of March 5, 2025, TECB stock price climbed to $52.87 with 22,317 million shares trading.
TECB has a beta of 1.29, meaning it tends to be more sensitive to market movements. TECB has a correlation of 0.86 to the broad based SPY ETF.
TECB has a market cap of $422.96 million. This is considered a Small Cap stock.
In the last 3 years, TECB traded as high as $56.89 and as low as $25.03.
TECB has underperformed the market in the last year with a price return of +10.6% while the SPY ETF gained +15.2%. TECB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.3% and -6.9%, respectively, while the SPY returned -3.7% and -4.6%, respectively.
TECB support price is $51.40 and resistance is $52.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TECB shares will trade within this expected range on the day.