Foguth Wealth Management LLC. cut its holdings in shares of iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Free Report) by 17.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 206,226 shares of the company’s stock after selling 44,923 shares during the period. Foguth Wealth Management LLC. owned 11.46% of iShares Blockchain and Tech ETF worth $9,422,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. GK Wealth Management LLC acquired a new position in iShares Blockchain and Tech ETF during the 3rd quarter valued at about $29,000. Acorn Wealth Advisors LLC purchased a new stake in iShares Blockchain and Tech ETF in the second quarter valued at about $250,000. Finally, James Investment Research Inc. acquired a new stake in iShares Blockchain and Tech ETF in the first quarter worth about $423,000.
iShares Blockchain and Tech ETF Trading Up 1.2%
Shares of IBLC stock traded up $0.47 during trading hours on Monday, reaching $38.81. 8,618 shares of the company’s stock were exchanged, compared to its average volume of 19,332. iShares Blockchain and Tech ETF has a 1 year low of $33.88 and a 1 year high of $66.48. The stock has a market cap of $69.86 million, a PE ratio of 24.74 and a beta of 3.19. The stock’s fifty day moving average price is $45.61 and its two-hundred day moving average price is $46.70.
iShares Blockchain and Tech ETF 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. IBLC was launched on Apr 25, 2022 and is managed by BlackRock.
Further Reading
- Five stocks we like better than iShares Blockchain and Tech ETF
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
- Insider Buying Is Rising at These 3 Regional Banks, But the Details Matter
- Illinois Tool Works Faces Headwinds—2 Alternatives Stand Out
- Luxury’s Middle Market Is Cracking—These 3 Stocks Could Win
Want to see what other hedge funds are holding IBLC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Free Report).
Receive News & Ratings for iShares Blockchain and Tech ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Blockchain and Tech ETF and related companies with MarketBeat.com's FREE daily email newsletter.
