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

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BATS:BLKC)’s share price was down 23.1% during trading on Friday . The company traded as low as $29.8032 and last traded at $23.5950. Approximately 981 shares traded hands during trading, a decline of 40% from the average daily volume of 1,648 shares. The stock had previously closed at $30.6870.

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF Price Performance

The firm has a 50-day simple moving average of $25.23 and a 200-day simple moving average of $26.71. The firm has a market capitalization of $3.54 million, a PE ratio of 22.75 and a beta of 2.09.

Institutional Trading of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF

Several large investors have recently added to or reduced their stakes in BLKC. Jane Street Group LLC raised its position in Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF by 8.8% in 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 during the period. Bank of America Corp DE increased its stake in shares of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF by 129.8% in the 2nd quarter. Bank of America Corp DE now owns 1,838 shares of the company’s stock worth $44,000 after purchasing an additional 1,038 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF in the 3rd quarter worth $1,053,000. Finally, Flow Traders U.S. LLC bought a new position in Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF in the 3rd quarter worth $975,000.

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.