iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s share price were up 0.4% on Friday . The company traded as high as $56.78 and last traded at $56.63. Approximately 15,847,915 shares traded hands during trading, a decline of 54% from the average daily volume of 34,213,527 shares. The stock had previously closed at $56.40.
iShares Bitcoin Trust Stock Up 2.2 %
The company's 50 day moving average price is $43.98 and its 200 day moving average price is $38.58.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Comerica Bank purchased a new position in shares of iShares Bitcoin Trust during the first quarter valued at approximately $225,000. Mather Group LLC. acquired a new stake in iShares Bitcoin Trust during the 2nd quarter valued at $85,000. CWM LLC acquired a new stake in shares of iShares Bitcoin Trust during the second quarter valued at about $1,203,000. Csenge Advisory Group increased its holdings in iShares Bitcoin Trust by 3.0% during the 2nd quarter. Csenge Advisory Group now owns 14,477 shares of the company's stock worth $494,000 after purchasing an additional 423 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its position in shares of iShares Bitcoin Trust by 64.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 8,756 shares of the company's stock valued at $299,000 after purchasing an additional 3,431 shares in the last quarter.
About iShares Bitcoin Trust
(
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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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