iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Stock Price Up 0.5% – Still a Buy?

Shares of iShares Blockchain and Tech ETF (NYSEARCA:IBLC) were up 0.5% on Wednesday . The stock traded as high as $30.53 and last traded at $29.76. Approximately 14,305 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 20,757 shares. The stock had previously closed at $29.62.

iShares Blockchain and Tech ETF Price Performance

The stock has a market cap of $34.22 million, a PE ratio of 26.06 and a beta of 3.18. The business has a 50 day moving average price of $35.81 and a two-hundred day moving average price of $34.30.

Institutional Investors Weigh In On iShares Blockchain and Tech ETF

Several institutional investors have recently added to or reduced their stakes in the company. Allianz SE purchased a new position in shares of iShares Blockchain and Tech ETF in the fourth quarter valued at about $56,000. Sunbelt Securities Inc. bought a new stake in shares of iShares Blockchain and Tech ETF in the fourth quarter worth about $479,000. Finally, WCG Wealth Advisors LLC grew its stake in shares of iShares Blockchain and Tech ETF by 2.3% in the fourth quarter. WCG Wealth Advisors LLC now owns 15,469 shares of the company’s stock worth $529,000 after purchasing an additional 346 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.