iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Get Free Report) shares traded up 3.8% during mid-day trading on Thursday . The company traded as high as $46.42 and last traded at $46.15. 8,347 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 20,649 shares. The stock had previously closed at $44.48.
iShares Blockchain and Tech ETF Trading Up 7.1%
The company has a market capitalization of $98.79 million, a P/E ratio of 24.74 and a beta of 3.20. The business’s 50-day simple moving average is $45.07 and its 200 day simple moving average is $45.87.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Acorn Wealth Advisors LLC acquired a new stake in iShares Blockchain and Tech ETF in the second quarter worth approximately $250,000. Flputnam Investment Management Co. bought a new position in iShares Blockchain and Tech ETF during the 4th quarter valued at $264,000. James Investment Research Inc. acquired a new position in shares of iShares Blockchain and Tech ETF during the 1st quarter valued at $423,000. Vise Technologies Inc. acquired a new position in shares of iShares Blockchain and Tech ETF during the 4th quarter valued at $657,000. Finally, Foguth Wealth Management LLC. raised its stake in shares of iShares Blockchain and Tech ETF by 20.0% in the 1st quarter. Foguth Wealth Management LLC. now owns 159,355 shares of the company’s stock worth $5,823,000 after buying an additional 26,568 shares in the last quarter.
About iShares Blockchain and Tech ETF
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. IBLC was launched on Apr 25, 2022 and is managed by BlackRock.
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