Shares of iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Get Free Report) shot up 3.8% during trading on Thursday . The stock traded as high as $46.42 and last traded at $46.15. Approximately 8,347 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 20,649 shares. The stock had previously closed at $44.48.
iShares Blockchain and Tech ETF Trading Up 3.8%
The company has a 50 day simple moving average of $45.01 and a 200 day simple moving average of $45.85. The stock has a market capitalization of $92.25 million, a PE ratio of 24.74 and a beta of 3.20.
Institutional Trading of iShares Blockchain and Tech ETF
Hedge funds have recently modified their holdings of the business. Acorn Wealth Advisors LLC acquired a new stake in iShares Blockchain and Tech ETF in the second quarter valued at $250,000. Flputnam Investment Management Co. purchased a new position in iShares Blockchain and Tech ETF during the 4th quarter valued at about $264,000. James Investment Research Inc. purchased a new stake in iShares Blockchain and Tech ETF in the 1st quarter valued at approximately $423,000. Vise Technologies Inc. acquired a new stake in shares of iShares Blockchain and Tech ETF during the fourth quarter valued at $657,000. Finally, Foguth Wealth Management LLC. boosted its stake in shares of 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 purchasing an additional 26,568 shares during the last quarter.
About iShares Blockchain and Tech ETF
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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