iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Shares Down 3.7% – Should You Sell?

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

iShares Blockchain and Tech ETF Stock Performance

The company has a 50-day moving average of $38.84 and a 200-day moving average of $33.41. The stock has a market cap of $25.07 million, a price-to-earnings ratio of 7.52 and a beta of 2.22.

Institutional Investors Weigh In On iShares Blockchain and Tech ETF

A hedge fund recently bought a new stake in iShares Blockchain and Tech ETF stock. B. Riley Wealth Advisors Inc. acquired a new position in shares of iShares Blockchain and Tech ETF (NYSEARCA:IBLC) in the second quarter, according to the company in its most recent 13F filing 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 about 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.