iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Trading 0.4% Higher – Here’s What Happened

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

iShares Blockchain and Tech ETF Stock Up 0.4 %

The company’s 50-day moving average is $38.37 and its two-hundred day moving average is $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.

Institutional Inflows and Outflows

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

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.