iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Trading Down 3.7% – What’s Next?

iShares Blockchain and Tech ETF (NYSEARCA:IBLC)’s stock price fell 3.7% on Friday . The stock traded as low as $35.67 and last traded at $35.81. 13,068 shares were traded during mid-day trading, a decline of 24% from the average session volume of 17,297 shares. The stock had previously closed at $37.19.

iShares Blockchain and Tech ETF Stock Down 3.7 %

The stock has a market capitalization of $25.07 million, a price-to-earnings ratio of 7.52 and a beta of 2.22. The business’s 50-day moving average is $38.84 and its two-hundred day moving average is $33.41.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares Blockchain and Tech ETF stock. WCG Wealth Advisors LLC increased its position in shares of iShares Blockchain and Tech ETF (NYSEARCA:IBLC) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,060 shares of the company’s stock after acquiring an additional 455 shares during the quarter. WCG Wealth Advisors LLC owned approximately 2.15% of iShares Blockchain and Tech ETF worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

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.