iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) shares shot up 0.6% on Wednesday . The company traded as high as $55.09 and last traded at $54.77. 11,067,602 shares traded hands during trading, a decline of 67% from the average session volume of 33,845,469 shares. The stock had previously closed at $54.46.
iShares Bitcoin Trust Stock Performance
The business's 50-day moving average is $43.18 and its two-hundred day moving average is $38.33.
Hedge Funds Weigh In On iShares Bitcoin Trust
Institutional investors have recently bought and sold shares of the company. Asset Dedication LLC raised its stake in iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company's stock worth $29,000 after purchasing an additional 279 shares during the period. Glass Jacobson Investment Advisors llc increased its stake in iShares Bitcoin Trust by 40.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company's stock worth $38,000 after buying an additional 304 shares during the period. Bfsg LLC increased its stake in iShares Bitcoin Trust by 34.7% during the 2nd quarter. Bfsg LLC now owns 1,360 shares of the company's stock worth $46,000 after buying an additional 350 shares during the period. Doliver Advisors LP grew its holdings in iShares Bitcoin Trust by 4.9% during the 3rd quarter. Doliver Advisors LP now owns 7,558 shares of the company's stock worth $273,000 after acquiring an additional 350 shares in the last quarter. Finally, Summit Global Investments grew its holdings in iShares Bitcoin Trust by 3.3% during the 3rd quarter. Summit Global Investments now owns 11,214 shares of the company's stock worth $405,000 after acquiring an additional 355 shares in the last quarter.
About iShares Bitcoin Trust
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
