Shares of iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) traded down 1.2% during mid-day trading on Thursday . The company traded as low as $45.76 and last traded at $46.25. 12,653,824 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 45,951,723 shares. The stock had previously closed at $46.83.
iShares Bitcoin Trust Stock Up 1.3 %
The company's fifty day moving average is $49.70 and its two-hundred day moving average is $49.75.
Institutional Investors Weigh In On iShares Bitcoin Trust
Institutional investors have recently modified their holdings of the company. Union Savings Bank acquired a new position in iShares Bitcoin Trust in the fourth quarter valued at $25,000. Vision Financial Markets LLC acquired a new position in iShares Bitcoin Trust in the fourth quarter worth about $25,000. City Holding Co. boosted its holdings in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company's stock worth $26,000 after purchasing an additional 238 shares during the period. Stephens Consulting LLC boosted its stake in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares during the period. Finally, Crewe Advisors LLC increased its stake in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after purchasing an additional 302 shares during the period.
iShares Bitcoin Trust Company Profile
(
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The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.
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