iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Get Free Report)’s share price dropped 5% during mid-day trading on Tuesday . The company traded as low as $28.13 and last traded at $28.74. Approximately 26,716 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 27,662 shares. The stock had previously closed at $30.24.
iShares Blockchain and Tech ETF Trading Down 5.0 %
The firm has a market cap of $12.93 million, a P/E ratio of 5.65 and a beta of -4.06. The business’s fifty day simple moving average is $28.07 and its 200-day simple moving average is $23.39.
Institutional Investors Weigh In On iShares Blockchain and Tech ETF
A number of large investors have recently modified their holdings of IBLC. Jane Street Group LLC boosted its stake in iShares Blockchain and Tech ETF by 56.8% during the third quarter. Jane Street Group LLC now owns 49,556 shares of the company’s stock worth $721,000 after acquiring an additional 17,943 shares in the last quarter. WCG Wealth Advisors LLC bought a new position in shares of iShares Blockchain and Tech ETF in the third quarter worth approximately $237,000. Bison Wealth LLC boosted its position in shares of iShares Blockchain and Tech ETF by 10.2% during the fourth quarter. Bison Wealth LLC now owns 13,228 shares of the company’s stock worth $386,000 after acquiring an additional 1,228 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of iShares Blockchain and Tech ETF during the fourth quarter worth $303,000. Finally, WMG Financial Advisors LLC purchased a new stake in iShares Blockchain and Tech ETF during the fourth quarter valued at $201,000.
iShares Blockchain and Tech ETF Company Profile
The iShares Blockchain and Tech ETF (IBLC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies that are involved in the development, innovation, and utilisation of blockchain and crypto technologies. Constituents are selected based on their total revenue related to the target theme, and are weighted based on free-float market cap.
Further Reading
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