Shares of iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) were down 0.2% during trading on Friday . The company traded as low as $52.39 and last traded at $53.21. Approximately 21,187,061 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 40,777,457 shares. The stock had previously closed at $53.34.
iShares Bitcoin Trust Stock Performance
The company has a fifty day simple moving average of $53.42 and a two-hundred day simple moving average of $41.67.
Institutional Trading of iShares Bitcoin Trust
A number of institutional investors have recently modified their holdings of the company. PFG Investments LLC bought a new position in iShares Bitcoin Trust in the second quarter valued at $233,000. Choreo LLC acquired a new stake in shares of iShares Bitcoin Trust in the second quarter valued at about $1,571,000. Headlands Technologies LLC increased its position in shares of iShares Bitcoin Trust by 134.1% in the second quarter. Headlands Technologies LLC now owns 16,326 shares of the company's stock valued at $557,000 after acquiring an additional 9,351 shares during the last quarter. MGO One Seven LLC bought a new stake in iShares Bitcoin Trust during the second quarter worth about $970,000. Finally, Johnson Investment Counsel Inc. boosted its position in iShares Bitcoin Trust by 57.1% during the second quarter. Johnson Investment Counsel Inc. now owns 32,065 shares of the company's stock valued at $1,095,000 after purchasing an additional 11,660 shares during the last quarter.
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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