iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s share price were up 1.3% during mid-day trading on Wednesday . The stock traded as high as $53.84 and last traded at $52.78. Approximately 30,565,591 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 45,919,781 shares. The stock had previously closed at $52.08.
iShares Bitcoin Trust Trading Up 2.0 %
The business's 50 day simple moving average is $48.77 and its 200 day simple moving average is $50.44.
Institutional Trading of iShares Bitcoin Trust
Several institutional investors and hedge funds have recently modified their holdings of IBIT. Vision Financial Markets LLC bought a new stake in iShares Bitcoin Trust during the fourth quarter valued at about $25,000. Union Savings Bank purchased a new position in iShares Bitcoin Trust during the fourth quarter valued at $25,000. City Holding Co. boosted its holdings in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company's stock valued at $26,000 after purchasing an additional 238 shares during the last quarter. Stephens Consulting LLC grew 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 valued at $26,000 after purchasing an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock worth $27,000 after purchasing an additional 302 shares during 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.
Featured Stories
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
