iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Share Price Cross Above 50-Day Moving Average – Should You Sell?

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $35.45 and traded as high as $46.96. iShares Blockchain and Tech ETF shares last traded at $43.36, with a volume of 38,761 shares.

iShares Blockchain and Tech ETF Stock Up 5.7 %

The company’s 50-day moving average is $36.00 and its 200 day moving average is $32.32. The company has a market cap of $32.07 million, a price-to-earnings ratio of 7.52 and a beta of 2.22.

Hedge Funds Weigh In On iShares Blockchain and Tech ETF

An institutional investor recently bought a new position in iShares Blockchain and Tech ETF stock. B. Riley Wealth Advisors Inc. acquired a new stake in iShares Blockchain and Tech ETF (NYSEARCA:IBLC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,691 shares of the company’s stock, valued at approximately $339,000. B. Riley Wealth Advisors Inc. owned 1.53% of iShares Blockchain and Tech ETF at the end of the most recent 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.