Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BATS:BLKC) Trading Down 23.1% – Here’s Why

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BATS:BLKC)’s stock price fell 23.1% on Friday . The stock traded as low as $29.8032 and last traded at $23.5950. 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 Trading Down 23.1%

The business has a fifty day moving average price of $25.23 and a two-hundred day moving average price of $26.71. The company has a market cap of $3.54 million, a price-to-earnings ratio of 22.75 and a beta of 2.09.

Institutional Investors Weigh In On Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in shares of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF by 129.8% during the 2nd quarter. Bank of America Corp DE now owns 1,838 shares of the company’s stock valued at $44,000 after buying an additional 1,038 shares during the period. Jane Street Group LLC raised its holdings in shares of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF by 8.8% during the first 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 in the last quarter. Flow Traders U.S. LLC acquired a new stake in Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF during the third quarter valued at $975,000. Finally, Virtu Financial LLC acquired a new stake in Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF during the third quarter valued at $1,053,000.

About Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF

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.