Shares of iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) were up 0.4% during mid-day trading on Tuesday . The company traded as high as $49.19 and last traded at $48.49. Approximately 11,679,852 shares traded hands during trading, a decline of 75% from the average daily volume of 45,850,816 shares. The stock had previously closed at $48.28.
iShares Bitcoin Trust Stock Up 0.6 %
The company's 50 day moving average price is $49.02 and its 200-day moving average price is $49.97.
Institutional Investors Weigh In On iShares Bitcoin Trust
Institutional investors have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC boosted its position in shares of iShares Bitcoin Trust by 9.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,101 shares of the company's stock valued at $293,000 after acquiring an additional 694 shares during the last quarter. SOA Wealth Advisors LLC. grew its holdings in iShares Bitcoin Trust by 38.5% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,619 shares of the company's stock worth $58,000 after acquiring an additional 450 shares during the last quarter. Pine Valley Investments Ltd Liability Co bought a new position in iShares Bitcoin Trust during the 3rd quarter valued at approximately $353,000. World Investment Advisors LLC boosted its stake in shares of iShares Bitcoin Trust by 31.1% during the 3rd quarter. World Investment Advisors LLC now owns 11,888 shares of the company's stock valued at $430,000 after purchasing an additional 2,823 shares in the last quarter. Finally, Tidal Investments LLC raised its position in shares of iShares Bitcoin Trust by 12.4% in the 3rd quarter. Tidal Investments LLC now owns 228,354 shares of the company's stock worth $8,250,000 after acquiring an additional 25,232 shares in the last quarter.
iShares Bitcoin Trust Company Profile
(
Get Free Report)
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.
Read More
Before you consider iShares Bitcoin Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iShares Bitcoin Trust wasn't on the list.
While iShares Bitcoin Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
