Foguth Wealth Management LLC. Acquires 26,568 Shares of iShares Blockchain and Tech ETF $IBLC

Foguth Wealth Management LLC. raised its stake in shares of iShares Blockchain and Tech ETF (NYSEARCA:IBLC) by 20.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 159,355 shares of the company’s stock after purchasing an additional 26,568 shares during the period. Foguth Wealth Management LLC. owned approximately 8.61% of iShares Blockchain and Tech ETF worth $5,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBLC. Arax Advisory Partners purchased a new stake in shares of iShares Blockchain and Tech ETF in the fourth quarter worth approximately $31,000. Advisory Services Network LLC bought a new position in shares of iShares Blockchain and Tech ETF in the third quarter valued at approximately $78,000. Commonwealth Equity Services LLC purchased a new position in shares of iShares Blockchain and Tech ETF during the fourth quarter valued at approximately $238,000. Sound Income Strategies LLC purchased a new position in shares of iShares Blockchain and Tech ETF during the fourth quarter valued at approximately $258,000. Finally, Flputnam Investment Management Co. purchased a new position in shares of iShares Blockchain and Tech ETF during the fourth quarter valued at approximately $264,000.

iShares Blockchain and Tech ETF Trading Down 2.9%

Shares of iShares Blockchain and Tech ETF stock opened at $43.36 on Friday. The company has a market capitalization of $80.22 million, a P/E ratio of 24.74 and a beta of 3.19. The stock has a fifty day simple moving average of $48.75 and a 200 day simple moving average of $45.08. iShares Blockchain and Tech ETF has a 12-month low of $33.88 and a 12-month high of $68.77.

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. IBLC was launched on Apr 25, 2022 and is managed by BlackRock.