James Investment Research Inc. Purchases New Holdings in iShares Blockchain and Tech ETF $IBLC

James Investment Research Inc. acquired a new position in iShares Blockchain and Tech ETF (NYSEARCA:IBLC) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 11,588 shares of the company’s stock, valued at approximately $423,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Arax Advisory Partners acquired a new stake in iShares Blockchain and Tech ETF in the fourth quarter valued at approximately $31,000. Strategic Advocates LLC acquired a new stake in shares of iShares Blockchain and Tech ETF in the third quarter valued at about $55,000. Advisory Services Network LLC acquired a new stake in iShares Blockchain and Tech ETF in the 3rd quarter valued at approximately $78,000. Commonwealth Equity Services LLC bought a new position in iShares Blockchain and Tech ETF during the fourth quarter worth $238,000. Finally, Sound Income Strategies LLC bought a new position in shares of iShares Blockchain and Tech ETF during the 4th quarter worth about $258,000.

iShares Blockchain and Tech ETF Trading Down 3.5%

IBLC opened at $45.32 on Friday. The stock’s 50 day simple moving average is $50.75 and its 200-day simple moving average is $44.89. The stock has a market cap of $83.84 million, a PE 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 $68.77.

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.