iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Stock Price Up 1.8% – Here’s Why

iShares Blockchain and Tech ETF (NYSEARCA:IBLC)’s share price rose 1.8% during trading on Thursday . The company traded as high as $65.50 and last traded at $65.50. Approximately 39,794 shares were traded during trading, an increase of 139% from the average daily volume of 16,683 shares. The stock had previously closed at $64.34.

iShares Blockchain and Tech ETF Price Performance

The business has a 50 day moving average of $48.30 and a 200 day moving average of $38.25. The firm has a market capitalization of $98.25 million, a price-to-earnings ratio of 24.74 and a beta of -4.06.

Institutional Investors Weigh In On iShares Blockchain and Tech ETF

A number of institutional investors have recently made changes to their positions in IBLC. Flow Traders U.S. LLC acquired a new stake in shares of iShares Blockchain and Tech ETF during the first quarter worth $374,000. WCG Wealth Advisors LLC lifted its holdings in iShares Blockchain and Tech ETF by 54.4% during the first quarter. WCG Wealth Advisors LLC now owns 23,883 shares of the company’s stock worth $590,000 after acquiring an additional 8,414 shares in the last quarter. Jane Street Group LLC lifted its holdings in iShares Blockchain and Tech ETF by 585.4% during the first quarter. Jane Street Group LLC now owns 72,938 shares of the company’s stock worth $1,800,000 after acquiring an additional 62,297 shares in the last quarter. Signal Advisors Wealth LLC lifted its holdings in iShares Blockchain and Tech ETF by 16.5% during the second quarter. Signal Advisors Wealth LLC now owns 61,812 shares of the company’s stock worth $2,427,000 after acquiring an additional 8,751 shares in the last quarter. Finally, WMG Financial Advisors LLC bought a new position in iShares Blockchain and Tech ETF during the second quarter worth about $235,000.

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.