iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s share price were down 1.3% during mid-day trading on Tuesday . The company traded as low as $53.75 and last traded at $54.48. Approximately 52,619,439 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 33,928,965 shares. The stock had previously closed at $55.21.
iShares Bitcoin Trust Stock Performance
The company's 50 day moving average price is $42.82 and its 200 day moving average price is $38.22.
Institutional Investors Weigh In On iShares Bitcoin Trust
A number of institutional investors have recently made changes to their positions in IBIT. Glass Jacobson Investment Advisors llc acquired a new stake in shares of iShares Bitcoin Trust in the 2nd quarter valued at approximately $26,000. Asset Dedication LLC grew its holdings in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company's stock valued at $29,000 after buying an additional 279 shares during the period. International Assets Investment Management LLC bought a new stake in shares of iShares Bitcoin Trust in the 2nd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares Bitcoin Trust during the second quarter worth about $36,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at approximately $36,000.
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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