iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Trading 0.1% Higher – Still a Buy?

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) traded up 0.1% during trading on Wednesday . The company traded as high as $32.89 and last traded at $32.67. 4,242 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 15,141 shares. The stock had previously closed at $32.65.

iShares Blockchain and Tech ETF Trading Up 0.1%

The stock has a market capitalization of $35.94 million, a price-to-earnings ratio of 14.77 and a beta of 3.18. The stock’s 50 day moving average is $26.51 and its 200 day moving average is $33.36.

Institutional Investors Weigh In On iShares Blockchain and Tech ETF

A number of large investors have recently added to or reduced their stakes in the business. WCG Wealth Advisors LLC grew its stake in iShares Blockchain and Tech ETF by 54.4% in the 1st quarter. WCG Wealth Advisors LLC now owns 23,883 shares of the company’s stock valued at $590,000 after acquiring an additional 8,414 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of iShares Blockchain and Tech ETF during the 1st quarter worth about $374,000. Sunbelt Securities Inc. acquired a new stake in shares of iShares Blockchain and Tech ETF during the 4th quarter worth about $479,000. Finally, Allianz SE acquired a new stake in shares of iShares Blockchain and Tech ETF during the 4th quarter worth about $56,000.

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.