iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s share price shot up 2.3% during trading on Monday . The company traded as high as $48.81 and last traded at $48.78. 11,779,227 shares traded hands during trading, a decline of 74% from the average session volume of 46,033,441 shares. The stock had previously closed at $47.67.
iShares Bitcoin Trust Stock Up 1.5 %
The business has a fifty day moving average of $49.70 and a 200 day moving average of $49.75.
Institutional Investors Weigh In On iShares Bitcoin Trust
Several large investors have recently bought and sold shares of IBIT. Union Savings Bank acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $25,000. Vision Financial Markets LLC acquired a new position in iShares Bitcoin Trust during the 4th quarter worth approximately $25,000. City Holding Co. raised its holdings in shares of iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company's stock valued at $26,000 after purchasing an additional 238 shares during the last quarter. Stephens Consulting LLC lifted its position in shares of iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after purchasing an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC grew its position in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after purchasing an additional 302 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.
See Also
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
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
