iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s share price were up 1.2% during trading on Friday . The stock traded as high as $55.47 and last traded at $55.40. Approximately 27,874,101 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 35,102,555 shares. The stock had previously closed at $54.72.
iShares Bitcoin Trust Trading Up 0.2 %
The firm has a fifty day simple moving average of $48.37 and a two-hundred day simple moving average of $39.84.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc bought a new stake in iShares Bitcoin Trust in the 2nd quarter valued at about $26,000. Asset Dedication LLC boosted its position in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company's stock valued at $29,000 after acquiring an additional 279 shares during the period. International Assets Investment Management LLC purchased a new position in iShares Bitcoin Trust during the second quarter valued at approximately $31,000. Hantz Financial Services Inc. bought a new stake in iShares Bitcoin Trust during the 2nd quarter worth approximately $36,000. Finally, West Financial Advisors LLC purchased a new stake in iShares Bitcoin Trust in the 3rd quarter worth approximately $40,000.
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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