Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BATS:BLKC) Shares Down 17.3% – Should You Sell?

Shares of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BATS:BLKC) were down 17.3% during mid-day trading on Friday . The stock traded as low as $29.8032 and last traded at $25.3740. Approximately 981 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 1,648 shares. The stock had previously closed at $30.6870.

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF Price Performance

The stock has a market capitalization of $3.81 million, a P/E ratio of 22.75 and a beta of 2.09. The stock’s fifty day moving average is $25.75 and its 200-day moving average is $26.59.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF by 129.8% during the second quarter. Bank of America Corp DE now owns 1,838 shares of the company’s stock worth $44,000 after purchasing an additional 1,038 shares during the period. Jane Street Group LLC raised its position in shares of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF by 8.8% in the first quarter. Jane Street Group LLC now owns 17,990 shares of the company’s stock valued at $334,000 after purchasing an additional 1,451 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF in the third quarter worth $975,000. Finally, Virtu Financial LLC bought a new stake in shares of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF during the 3rd quarter worth $1,053,000.

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF Company Profile

The Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The investment objective of this Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the NYSE FactSet Global Blockchain Technologies Capped Index. BLKC was launched on Oct 7, 2021 and is managed by BlackRock.