iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $43.69, but opened at $46.66. iShares Bitcoin Trust shares last traded at $47.43, with a volume of 24,873,540 shares.
iShares Bitcoin Trust Stock Up 13.5 %
The stock has a 50 day simple moving average of $36.55 and a 200 day simple moving average of $36.23.
Institutional Investors Weigh In On iShares Bitcoin Trust
Several hedge funds have recently made changes to their positions in IBIT. Private Advisor Group LLC lifted its stake in iShares Bitcoin Trust by 117.9% in the third quarter. Private Advisor Group LLC now owns 335,820 shares of the company's stock valued at $12,133,000 after buying an additional 181,700 shares during the period. IMC Chicago LLC bought a new position in shares of iShares Bitcoin Trust in the third quarter valued at about $323,337,000. Kingsview Wealth Management LLC acquired a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $1,403,000. Axxcess Wealth Management LLC acquired a new position in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $965,000. Finally, Pachira Investments Inc. bought a new position in shares of iShares Bitcoin Trust in the third quarter worth $1,214,000.
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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