iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) were up 0.9% on Friday . The company traded as high as $57.80 and last traded at $57.45. Approximately 9,466,607 shares traded hands during trading, a decline of 73% from the average daily volume of 34,496,227 shares. The stock had previously closed at $56.92.
iShares Bitcoin Trust Price Performance
The firm's fifty day moving average is $46.07 and its two-hundred day moving average is $39.18.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in IBIT. Garden State Investment Advisory Services LLC acquired a new stake in iShares Bitcoin Trust in the 3rd quarter valued at about $656,000. Franklin Resources Inc. acquired a new stake in shares of iShares Bitcoin Trust in the third quarter valued at about $1,107,000. Tidal Investments LLC boosted its stake in iShares Bitcoin Trust by 12.4% during the 3rd quarter. Tidal Investments LLC now owns 228,354 shares of the company's stock valued at $8,250,000 after purchasing an additional 25,232 shares during the period. World Investment Advisors LLC grew its holdings in iShares Bitcoin Trust by 31.1% in the 3rd quarter. World Investment Advisors LLC now owns 11,888 shares of the company's stock valued at $430,000 after buying an additional 2,823 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in iShares Bitcoin Trust by 723.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 88,811 shares of the company's stock worth $3,209,000 after buying an additional 78,022 shares during the period.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
