iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s stock price were up 0.1% on Friday . The company traded as high as $55.63 and last traded at $55.42. Approximately 10,767,442 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 24,892,371 shares. The stock had previously closed at $55.37.
iShares Bitcoin Trust Price Performance
The stock has a 50 day moving average of $51.97 and a two-hundred day moving average of $41.02.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in IBIT. Glass Jacobson Investment Advisors llc purchased a new position in iShares Bitcoin Trust during the 2nd quarter valued at about $26,000. Asset Dedication LLC increased its stake in iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company's stock valued at $29,000 after buying an additional 279 shares during the period. International Assets Investment Management LLC purchased a new stake in iShares Bitcoin Trust in the 2nd quarter worth approximately $31,000. West Financial Advisors LLC purchased a new stake in iShares Bitcoin Trust in the 3rd quarter worth approximately $40,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter valued at $43,000.
iShares Bitcoin Trust Company Profile
(
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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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