iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Shares Up 0.4% – Should You Buy?

Shares of iShares Blockchain and Tech ETF (NYSEARCA:IBLC) were up 0.4% during mid-day trading on Tuesday . The company traded as high as $35.86 and last traded at $35.80. Approximately 9,887 shares changed hands during trading, a decline of 61% from the average daily volume of 25,195 shares. The stock had previously closed at $35.66.

iShares Blockchain and Tech ETF Stock Performance

The business has a fifty day moving average of $38.37 and a 200-day moving average of $33.94. The company has a market capitalization of $25.06 million, a P/E ratio of 7.52 and a beta of 2.22.

Hedge Funds Weigh In On iShares Blockchain and Tech ETF

An institutional investor recently bought a new position in iShares Blockchain and Tech ETF stock. B. Riley Wealth Advisors Inc. bought a new position in iShares Blockchain and Tech ETF (NYSEARCA:IBLC) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,691 shares of the company’s stock, valued at approximately $339,000. B. Riley Wealth Advisors Inc. owned about 1.53% of iShares Blockchain and Tech ETF as of its most recent SEC filing.

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.