Shares of iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) fell 0.5% on Monday . The stock traded as low as $46.34 and last traded at $47.31. 10,296,379 shares changed hands during trading, a decline of 77% from the average session volume of 44,614,367 shares. The stock had previously closed at $47.56.
iShares Bitcoin Trust Price Performance
The stock has a 50 day simple moving average of $51.94 and a 200 day simple moving average of $49.10.
Institutional Investors Weigh In On iShares Bitcoin Trust
A number of large investors have recently added to or reduced their stakes in the company. Union Savings Bank purchased a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth about $25,000. Vision Financial Markets LLC bought a new position in iShares Bitcoin Trust during the 4th quarter valued at approximately $25,000. City Holding Co. lifted its holdings in iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company's stock worth $26,000 after buying an additional 238 shares during the period. Stephens Consulting LLC grew its position in shares of iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after buying an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC grew its position in shares of iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company's stock worth $27,000 after buying 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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