iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s share price traded up 0.8% on Wednesday . The stock traded as high as $48.98 and last traded at $48.69. 10,517,087 shares were traded during mid-day trading, a decline of 76% from the average session volume of 44,058,324 shares. The stock had previously closed at $48.30.
iShares Bitcoin Trust Price Performance
The business has a 50-day simple moving average of $51.69 and a 200-day simple moving average of $49.08.
Hedge Funds Weigh In On iShares Bitcoin Trust
Several institutional investors have recently bought and sold shares of IBIT. Vision Financial Markets LLC purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter valued at approximately $25,000. Union Savings Bank purchased a new position in iShares Bitcoin Trust in the 4th quarter valued at approximately $25,000. City Holding Co. grew its stake in shares of iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company's stock worth $26,000 after acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC increased its position in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after acquiring an additional 189 shares during the period. Finally, Crewe Advisors LLC increased its position in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock worth $27,000 after acquiring an additional 302 shares during the period.
iShares Bitcoin Trust Company Profile
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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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