iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Trading Up 0.7% – Here’s What Happened

iShares Blockchain and Tech ETF (NYSEARCA:IBLC)’s stock price were up 0.7% during trading on Thursday . The stock traded as high as $44.78 and last traded at $44.78. Approximately 16,323 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 28,656 shares. The stock had previously closed at $44.46.

iShares Blockchain and Tech ETF Stock Performance

The company’s 50 day moving average price is $39.69 and its 200 day moving average price is $46.89. The company has a market cap of $85.47 million, a price-to-earnings ratio of 24.74 and a beta of 3.23.

Institutional Investors Weigh In On iShares Blockchain and Tech ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBLC. B. Riley Wealth Advisors Inc. lifted its position in iShares Blockchain and Tech ETF by 2.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 11,403 shares of the company’s stock worth $632,000 after buying an additional 266 shares in the last quarter. HHM Wealth Advisors LLC lifted its position in 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 worth $33,000 after buying an additional 328 shares in the last quarter. Osaic Holdings Inc. lifted its position in iShares Blockchain and Tech ETF by 1.1% during the 4th quarter. Osaic Holdings Inc. now owns 32,880 shares of the company’s stock worth $1,345,000 after buying an additional 352 shares in the last quarter. Arax Advisory Partners acquired a new position in iShares Blockchain and Tech ETF during the 4th quarter worth about $31,000. Finally, Strategic Advocates LLC acquired a new position in iShares Blockchain and Tech ETF during the 3rd quarter worth about $55,000.

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. IBLC was launched on Apr 25, 2022 and is managed by BlackRock.