iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Shares Up 0.8% – Time to Buy?

iShares Blockchain and Tech ETF (NYSEARCA:IBLC)’s stock price rose 0.8% on Tuesday . The company traded as high as $36.06 and last traded at $35.43. Approximately 35,385 shares changed hands during mid-day trading, an increase of 129% from the average daily volume of 15,421 shares. The stock had previously closed at $35.16.

iShares Blockchain and Tech ETF Trading Up 0.8 %

The company has a market capitalization of $24.80 million, a P/E ratio of 7.52 and a beta of 2.22. The company’s 50 day moving average is $29.45 and its 200-day moving average is $29.77.

Institutional Trading of iShares Blockchain and Tech ETF

Hedge funds have recently made changes to their positions in the stock. WCG Wealth Advisors LLC raised its position in shares of iShares Blockchain and Tech ETF by 3.1% in the 2nd quarter. WCG Wealth Advisors LLC now owns 15,060 shares of the company’s stock worth $478,000 after purchasing an additional 455 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in iShares Blockchain and Tech ETF in the second quarter worth about $339,000. Finally, Jane Street Group LLC raised its holdings in iShares Blockchain and Tech ETF by 996.1% in the first quarter. Jane Street Group LLC now owns 157,263 shares of the company’s stock worth $4,936,000 after buying an additional 142,915 shares during the last quarter.

About iShares Blockchain and Tech ETF

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.