Shares of iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) shot up 4.1% on Monday . The stock traded as high as $50.42 and last traded at $50.22. 26,216,497 shares changed hands during trading, a decline of 42% from the average session volume of 45,195,715 shares. The stock had previously closed at $48.26.
iShares Bitcoin Trust Trading Up 0.9 %
The firm's 50 day simple moving average is $48.85 and its two-hundred day simple moving average is $50.30.
Institutional Trading of iShares Bitcoin Trust
Institutional investors have recently added to or reduced their stakes in the business. Union Savings Bank bought a new stake in iShares Bitcoin Trust during the fourth quarter valued at $25,000. Vision Financial Markets LLC bought a new position in shares of iShares Bitcoin Trust during the fourth quarter worth about $25,000. City Holding Co. grew its position in shares of iShares Bitcoin Trust by 95.2% during 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 position in shares of iShares Bitcoin Trust by 62.8% during 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 grew its position 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 worth $27,000 after acquiring an additional 302 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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