iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) traded up 0.1% on Thursday . The company traded as high as $58.48 and last traded at $57.22. 21,053,906 shares were traded during mid-day trading, a decline of 40% from the average session volume of 34,894,504 shares. The stock had previously closed at $57.18.
iShares Bitcoin Trust Trading Down 4.3 %
The company's 50 day moving average is $47.96 and its 200-day moving average is $39.74.
Institutional Trading of iShares Bitcoin Trust
Several institutional investors have recently added to or reduced their stakes in IBIT. Summit Global Investments increased its holdings in iShares Bitcoin Trust by 33.1% in the second quarter. Summit Global Investments now owns 10,859 shares of the company's stock valued at $371,000 after buying an additional 2,703 shares during the last quarter. Fifth Third Bancorp raised its position in shares of iShares Bitcoin Trust by 60.8% during the 2nd quarter. Fifth Third Bancorp now owns 5,700 shares of the company's stock valued at $195,000 after acquiring an additional 2,155 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in iShares Bitcoin Trust by 65.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,310 shares of the company's stock worth $523,000 after purchasing an additional 6,056 shares during the last quarter. Capital Wealth Alliance LLC acquired a new position in iShares Bitcoin Trust in the second quarter worth $345,000. Finally, Secure Asset Management LLC bought a new stake in iShares Bitcoin Trust during the second quarter valued at $1,380,000.
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.
Featured Articles
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 next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
