Foguth Wealth Management LLC. Takes $5.86 Million Position in iShares Blockchain and Tech ETF $IBLC

Foguth Wealth Management LLC. bought a new position in iShares Blockchain and Tech ETF (NYSEARCA:IBLC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 132,787 shares of the company’s stock, valued at approximately $5,856,000. Foguth Wealth Management LLC. owned about 6.81% of iShares Blockchain and Tech ETF at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Jane Street Group LLC increased its holdings in shares of iShares Blockchain and Tech ETF by 585.4% in the 1st quarter. Jane Street Group LLC now owns 72,938 shares of the company’s stock worth $1,800,000 after buying an additional 62,297 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of iShares Blockchain and Tech ETF in the 2nd quarter valued at about $437,000. Osaic Holdings Inc. grew its position in iShares Blockchain and Tech ETF by 63.7% in the second quarter. Osaic Holdings Inc. now owns 34,016 shares of the company’s stock worth $1,336,000 after acquiring an additional 13,232 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in iShares Blockchain and Tech ETF in the third quarter worth about $351,000. Finally, Forefront Wealth Partners LLC bought a new stake in iShares Blockchain and Tech ETF during the third quarter worth approximately $423,000.

iShares Blockchain and Tech ETF Price Performance

Shares of IBLC stock opened at $41.23 on Friday. The company has a market cap of $80.40 million, a PE ratio of 24.74 and a beta of 3.24. iShares Blockchain and Tech ETF has a 1 year low of $21.46 and a 1 year high of $68.77. The stock’s 50 day simple moving average is $41.85 and its two-hundred day simple moving average is $48.40.

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.