Shares of iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Get Free Report) fell 6.1% during trading on Monday . The company traded as low as $28.26 and last traded at $28.33. 11,126 shares changed hands during trading, a decline of 65% from the average session volume of 32,096 shares. The stock had previously closed at $30.16.
iShares Blockchain and Tech ETF Price Performance
The stock’s 50-day simple moving average is $26.78 and its 200 day simple moving average is $22.09. The stock has a market capitalization of $12.75 million, a P/E ratio of 5.65 and a beta of -4.06.
Institutional Investors Weigh In On iShares Blockchain and Tech ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC raised its stake in iShares Blockchain and Tech ETF by 56.8% in the third quarter. Jane Street Group LLC now owns 49,556 shares of the company’s stock valued at $721,000 after purchasing an additional 17,943 shares in the last quarter. WCG Wealth Advisors LLC acquired a new position in iShares Blockchain and Tech ETF in the third quarter valued at about $237,000. Bison Wealth LLC grew its position in iShares Blockchain and Tech ETF by 10.2% in the fourth quarter. Bison Wealth LLC now owns 13,228 shares of the company’s stock valued at $386,000 after acquiring an additional 1,228 shares during the last quarter. Flow Traders U.S. LLC bought a new position in iShares Blockchain and Tech ETF in the second quarter valued at about $243,000. Finally, WMG Financial Advisors LLC bought a new position in iShares Blockchain and Tech ETF in the fourth quarter valued at about $201,000.
iShares Blockchain and Tech ETF Company Profile
(Get Free Report)
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.
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