iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report) shares rose 1.6% during trading on Tuesday . The stock traded as high as $59.06 and last traded at $58.58. Approximately 9,598,712 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 48,726,934 shares. The stock had previously closed at $57.67.
iShares Bitcoin Trust Stock Performance
The business has a 50 day moving average of $56.09 and a two-hundred day moving average of $43.91.
Institutional Trading of iShares Bitcoin Trust
A number of institutional investors have recently modified their holdings of IBIT. Stephens Consulting LLC boosted its stake in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. AlphaMark Advisors LLC boosted its position in shares of iShares Bitcoin Trust by 8.9% in the 4th quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock worth $130,000 after purchasing an additional 200 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in iShares Bitcoin Trust by 52.9% during the 4th quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock worth $35,000 after buying an additional 230 shares during the last quarter. City Holding Co. grew its stake in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the last quarter. Finally, Blue Trust Inc. increased its position in iShares Bitcoin Trust by 5.8% during the 4th quarter. Blue Trust Inc. now owns 4,939 shares of the company’s stock valued at $262,000 after buying an additional 270 shares in the last quarter.
iShares Bitcoin Trust Company Profile
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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