iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s share price shot up 1.1% during trading on Monday . The company traded as high as $56.36 and last traded at $55.33. 27,383,704 shares were traded during mid-day trading, a decline of 38% from the average session volume of 43,851,234 shares. The stock had previously closed at $54.74.
iShares Bitcoin Trust Price Performance
The business has a 50-day moving average of $56.15 and a 200 day moving average of $45.91.
Institutional Trading of iShares Bitcoin Trust
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBIT. Union Savings Bank bought a new stake in iShares Bitcoin Trust in the 4th quarter valued at about $25,000. Vision Financial Markets LLC bought a new stake in iShares Bitcoin Trust in the 4th quarter valued at about $25,000. City Holding Co. increased its position in iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company's stock valued at $26,000 after buying an additional 238 shares in the last quarter. Stephens Consulting LLC increased its position in iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company's stock valued at $26,000 after buying an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC increased its position in iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after buying 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.
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