Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BATS:BLKC) Stock Price Down 17.3% – Here’s What Happened

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BATS:BLKC)’s share price fell 17.3% during trading on Friday . The stock traded as low as $29.8032 and last traded at $25.3740. 981 shares changed hands during trading, a decline of 40% from the average session volume of 1,648 shares. The stock had previously closed at $30.6870.

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF Stock Performance

The business has a 50 day moving average price of $25.75 and a two-hundred day moving average price of $26.61. The stock has a market cap of $3.81 million, a PE ratio of 22.75 and a beta of 2.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLKC. Virtu Financial LLC bought a new position in shares of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF in the third quarter worth about $1,053,000. Flow Traders U.S. LLC bought a new stake in Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF during the 3rd quarter worth approximately $975,000. Jane Street Group LLC raised its stake in Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF by 8.8% during the 1st quarter. Jane Street Group LLC now owns 17,990 shares of the company’s stock worth $334,000 after acquiring an additional 1,451 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF by 129.8% during the second quarter. Bank of America Corp DE now owns 1,838 shares of the company’s stock valued at $44,000 after purchasing an additional 1,038 shares in the last quarter.

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF Company Profile

The Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The investment objective of this Fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the NYSE FactSet Global Blockchain Technologies Capped Index. BLKC was launched on Oct 7, 2021 and is managed by BlackRock.