iShares Blockchain and Tech ETF $IBLC Shares Sold by Foguth Wealth Management LLC.

Foguth Wealth Management LLC. trimmed its position in iShares Blockchain and Tech ETF (NYSEARCA:IBLC) by 17.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,226 shares of the company’s stock after selling 44,923 shares during the period. Foguth Wealth Management LLC. owned 0.11% of iShares Blockchain and Tech ETF worth $9,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. GK Wealth Management LLC purchased a new position in iShares Blockchain and Tech ETF in the 3rd quarter worth $29,000. Acorn Wealth Advisors LLC acquired a new stake in iShares Blockchain and Tech ETF during the 2nd quarter worth about $250,000. Finally, James Investment Research Inc. purchased a new stake in iShares Blockchain and Tech ETF during the 1st quarter valued at about $423,000.

iShares Blockchain and Tech ETF Price Performance

iShares Blockchain and Tech ETF stock traded up $0.47 during trading hours on Monday, hitting $38.81. 8,618 shares of the stock traded hands, compared to its average volume of 19,332. The firm’s 50 day moving average price is $45.61 and its 200-day moving average price is $46.70. The stock has a market capitalization of $69.86 million, a price-to-earnings ratio of 24.74 and a beta of 3.19. iShares Blockchain and Tech ETF has a 1 year low of $33.88 and a 1 year high of $66.48.

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. IBLC was launched on Apr 25, 2022 and is managed by BlackRock.