iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s share price were up 0.8% during mid-day trading on Thursday . The company traded as high as $49.60 and last traded at $49.55. Approximately 13,250,278 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 44,954,207 shares. The stock had previously closed at $49.18.
iShares Bitcoin Trust Stock Down 3.8 %
The business's 50 day moving average price is $52.64 and its 200-day moving average price is $48.78.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in IBIT. Stephens Consulting LLC raised its holdings 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 valued at $26,000 after buying an additional 189 shares during the period. AlphaMark Advisors LLC grew its position in iShares Bitcoin Trust by 8.9% in the 4th quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company's stock valued at $130,000 after acquiring an additional 200 shares in the last quarter. Pathway Financial Advisers LLC increased its stake in iShares Bitcoin Trust by 52.9% during the fourth quarter. Pathway Financial Advisers LLC now owns 665 shares of the company's stock worth $35,000 after purchasing an additional 230 shares during the period. SouthState Corp lifted its position in shares of iShares Bitcoin Trust by 5.5% during the fourth quarter. SouthState Corp now owns 4,411 shares of the company's stock worth $234,000 after purchasing an additional 230 shares in the last quarter. Finally, Mosley Wealth Management lifted its position in shares of iShares Bitcoin Trust by 2.5% during the fourth quarter. Mosley Wealth Management now owns 9,341 shares of the company's stock worth $496,000 after purchasing an additional 231 shares in 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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