iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s share price traded up 1.3% during trading on Thursday . The stock traded as high as $60.67 and last traded at $60.14. Approximately 12,683,132 shares traded hands during trading, a decline of 73% from the average daily volume of 47,345,980 shares. The stock had previously closed at $59.34.
iShares Bitcoin Trust Stock Performance
The business's 50-day simple moving average is $56.17 and its 200 day simple moving average is $44.02.
Institutional Investors Weigh In On iShares Bitcoin Trust
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Union Savings Bank acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at $25,000. City Holding Co. boosted its stake in iShares Bitcoin Trust by 95.2% during the fourth 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 grew its holdings in 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. Crewe Advisors LLC raised its holdings 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 purchasing an additional 302 shares in the last quarter. Finally, Beacon Capital Management LLC acquired a new stake in iShares Bitcoin Trust during the fourth quarter valued at approximately $28,000.
iShares Bitcoin Trust Company Profile
(
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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