iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Stock Price Down 1.8%

iShares Blockchain and Tech ETF (NYSEARCA:IBLC)’s share price fell 1.8% during mid-day trading on Friday . The company traded as low as $17.45 and last traded at $17.56. 3,704 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 8,314 shares. The stock had previously closed at $17.89.

iShares Blockchain and Tech ETF Stock Performance

The stock has a 50 day moving average of $20.43 and a 200-day moving average of $18.08. The firm has a market capitalization of $7.90 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 added to or reduced their stakes in the company. Flow Traders U.S. LLC bought a new stake in iShares Blockchain and Tech ETF in the 2nd quarter valued at about $243,000. Bison Wealth LLC bought a new stake in shares of iShares Blockchain and Tech ETF during the fourth quarter valued at about $224,000. Finally, Jane Street Group LLC bought a new stake in shares of iShares Blockchain and Tech ETF during the second quarter valued at about $394,000.

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.