Shares of iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) rose 2.1% during mid-day trading on Tuesday . The stock traded as high as $47.80 and last traded at $47.78. Approximately 8,720,834 shares were traded during trading, a decline of 80% from the average daily volume of 44,250,082 shares. The stock had previously closed at $46.81.
iShares Bitcoin Trust Price Performance
The stock has a 50-day moving average price of $51.69 and a 200 day moving average price of $49.08.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of IBIT. Captrust Financial Advisors increased its position in iShares Bitcoin Trust by 6.4% during the third quarter. Captrust Financial Advisors now owns 94,095 shares of the company's stock worth $3,400,000 after purchasing an additional 5,686 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of iShares Bitcoin Trust by 17.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 37,552 shares of the company's stock worth $1,357,000 after buying an additional 5,554 shares during the last quarter. IHT Wealth Management LLC raised its position in shares of iShares Bitcoin Trust by 134.4% in the 3rd quarter. IHT Wealth Management LLC now owns 76,400 shares of the company's stock worth $2,722,000 after buying an additional 43,804 shares during the period. Resurgent Financial Advisors LLC raised its position in shares of iShares Bitcoin Trust by 10.0% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 34,224 shares of the company's stock worth $1,237,000 after buying an additional 3,116 shares during the period. Finally, Stevens Capital Management LP acquired a new position in iShares Bitcoin Trust in the third quarter valued at $9,108,000.
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.
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