iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s share price traded up 0.7% during trading on Tuesday . The stock traded as high as $45.65 and last traded at $44.56. 15,858,942 shares changed hands during trading, a decline of 65% from the average session volume of 45,315,754 shares. The stock had previously closed at $44.27.
iShares Bitcoin Trust Trading Up 5.5 %
The stock's fifty day moving average price is $49.70 and its 200 day moving average price is $49.66.
Institutional Investors Weigh In On iShares Bitcoin Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of IBIT. Vision Financial Markets LLC bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. Union Savings Bank purchased a new position in iShares Bitcoin Trust during the fourth quarter valued at $25,000. City Holding Co. grew its stake 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 worth $26,000 after acquiring an additional 238 shares during the last quarter. Stephens Consulting LLC grew its stake 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 acquiring an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after acquiring 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
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
Like this article? Share it with a colleague.
Link copied to clipboard.
