iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Get Free Report)’s share price rose 3.8% during mid-day trading on Thursday . The stock traded as high as $46.42 and last traded at $46.15. 8,347 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 20,649 shares. The stock had previously closed at $44.48.
iShares Blockchain and Tech ETF Stock Performance
The firm has a market capitalization of $92.25 million, a P/E ratio of 24.74 and a beta of 3.20. The stock’s 50 day simple moving average is $45.01 and its 200 day simple moving average is $45.85.
Institutional Trading of iShares Blockchain and Tech ETF
Large investors have recently modified their holdings of the company. Acorn Wealth Advisors LLC purchased a new position in iShares Blockchain and Tech ETF during the 2nd quarter worth $250,000. Flputnam Investment Management Co. bought a new stake in iShares Blockchain and Tech ETF during the fourth quarter valued at about $264,000. James Investment Research Inc. purchased a new position in shares of iShares Blockchain and Tech ETF in the 1st quarter worth approximately $423,000. Vise Technologies Inc. purchased a new position in iShares Blockchain and Tech ETF in the fourth quarter worth $657,000. Finally, Foguth Wealth Management LLC. grew its stake in iShares Blockchain and Tech ETF by 20.0% during 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 during the last quarter.
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.
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