Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BATS:BLKC) Trading Down 23.1% – Here’s Why

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BATS:BLKC)’s stock price fell 23.1% on Friday . The stock traded as low as $29.8032 and last traded at $23.5950. 981 shares were traded during mid-day trading, a decline of 40% from the average session volume of 1,648 shares. The stock had previously closed at $30.6870.

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF Stock Down 23.1%

The stock has a market capitalization of $3.54 million, a PE ratio of 22.75 and a beta of 2.09. The firm’s fifty day moving average is $25.23 and its 200-day moving average is $26.71.

Institutional Investors Weigh In On Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF

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

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.