iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Stock Price Down 1.5% – What’s Next?

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) shares traded down 1.5% during mid-day trading on Thursday . The company traded as low as $27.75 and last traded at $27.76. 1,735 shares changed hands during trading, an increase of 23% from the average session volume of 1,416 shares. The stock had previously closed at $28.19.

iShares Breakthrough Environmental Solutions ETF Price Performance

The firm has a market capitalization of $4.47 million, a P/E ratio of 18.19 and a beta of 1.26. The company has a fifty day moving average of $26.33 and a 200 day moving average of $24.92.

iShares Breakthrough Environmental Solutions ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.0343 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 28.0%.

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.