iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Trading Up 0.8% – Here’s Why

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) shares traded up 0.8% on Wednesday . The stock traded as high as $42.20 and last traded at $40.85. 14,426 shares were traded during mid-day trading, a decline of 12% from the average session volume of 16,338 shares. The stock had previously closed at $40.53.

iShares Blockchain and Tech ETF Trading Up 0.8 %

The stock has a market capitalization of $28.60 million, a price-to-earnings ratio of 7.52 and a beta of 2.22. The business has a 50 day simple moving average of $32.61 and a 200-day simple moving average of $31.01.

Institutional Trading of iShares Blockchain and Tech ETF

Several large investors have recently bought and sold shares of IBLC. WCG Wealth Advisors LLC raised its stake in iShares Blockchain and Tech ETF by 3.1% during the second quarter. WCG Wealth Advisors LLC now owns 15,060 shares of the company’s stock valued at $478,000 after buying an additional 455 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of iShares Blockchain and Tech ETF in the 2nd quarter valued at approximately $339,000. Finally, Jane Street Group LLC raised its position in shares of iShares Blockchain and Tech ETF by 996.1% during the 1st quarter. Jane Street Group LLC now owns 157,263 shares of the company’s stock valued at $4,936,000 after acquiring an additional 142,915 shares in the last quarter.

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.