Wesbanco Bank Inc. acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 99,007 shares of the company's stock, valued at approximately $3,577,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. FinTrust Capital Advisors LLC bought a new stake in iShares Bitcoin Trust during the first quarter worth $26,000. Glass Jacobson Investment Advisors llc purchased a new position in iShares Bitcoin Trust during the second quarter worth about $26,000. Sound Income Strategies LLC bought a new stake in iShares Bitcoin Trust in the 1st quarter worth about $30,000. Creekmur Asset Management LLC purchased a new stake in iShares Bitcoin Trust in the 1st quarter valued at about $30,000. Finally, International Assets Investment Management LLC purchased a new stake in iShares Bitcoin Trust in the 2nd quarter valued at about $31,000.
iShares Bitcoin Trust Price Performance
Shares of NASDAQ IBIT traded up $0.41 during midday trading on Wednesday, reaching $38.58. The company's stock had a trading volume of 26,487,370 shares, compared to its average volume of 30,332,664. The firm has a 50 day moving average price of $34.63 and a 200-day moving average price of $36.01. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $41.99.
About iShares Bitcoin Trust
(
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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