iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Stock Price Down 0.6% – Here’s Why

Shares of iShares Blockchain and Tech ETF (NYSEARCA:IBLC) were down 0.6% during trading on Tuesday . The company traded as low as $44.32 and last traded at $46.52. Approximately 46,265 shares traded hands during trading, an increase of 115% from the average daily volume of 21,546 shares. The stock had previously closed at $46.79.

iShares Blockchain and Tech ETF Stock Down 0.6%

The firm has a market capitalization of $79.08 million, a PE ratio of 24.74 and a beta of 3.24. The stock’s fifty day simple moving average is $56.91 and its 200 day simple moving average is $45.73.

Hedge Funds Weigh In On iShares Blockchain and Tech ETF

Institutional investors have recently bought and sold shares of the stock. Glass Jacobson Investment Advisors llc bought a new stake in iShares Blockchain and Tech ETF during the second quarter valued at about $30,000. HHM Wealth Advisors LLC lifted its position in shares of iShares Blockchain and Tech ETF by 123.8% during the 3rd quarter. HHM Wealth Advisors LLC now owns 593 shares of the company’s stock valued at $33,000 after buying an additional 328 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of iShares Blockchain and Tech ETF during the 3rd quarter valued at approximately $78,000. WMG Financial Advisors LLC bought a new position in shares of iShares Blockchain and Tech ETF during the 2nd quarter valued at approximately $235,000. Finally, Farther Finance Advisors LLC purchased a new stake in iShares Blockchain and Tech ETF in the 3rd quarter worth approximately $351,000.

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.