iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Shares Down 2% – Time to Sell?

iShares Blockchain and Tech ETF (NYSEARCA:IBLC)’s stock price traded down 2% during mid-day trading on Tuesday . The company traded as low as $28.72 and last traded at $29.00. 8,619 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 15,138 shares. The stock had previously closed at $29.58.

iShares Blockchain and Tech ETF Stock Down 2.0 %

The company has a market capitalization of $33.35 million, a P/E ratio of 16.69 and a beta of 3.21. The firm has a fifty day simple moving average of $32.81 and a 200-day simple moving average of $34.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IBLC. Allianz SE acquired a new stake in shares of iShares Blockchain and Tech ETF during the fourth quarter worth $56,000. Sunbelt Securities Inc. bought a new position in iShares Blockchain and Tech ETF during the 4th quarter worth about $479,000. Finally, WCG Wealth Advisors LLC increased its holdings in iShares Blockchain and Tech ETF by 2.3% during the 4th quarter. WCG Wealth Advisors LLC now owns 15,469 shares of the company’s stock worth $529,000 after purchasing an additional 346 shares in 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.