Shares of iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) fell 2.8% on Thursday . The stock traded as low as $54.06 and last traded at $54.65. 10,701,888 shares were traded during mid-day trading, a decline of 70% from the average session volume of 35,138,418 shares. The stock had previously closed at $56.23.
iShares Bitcoin Trust Stock Down 3.4 %
The stock's 50 day moving average is $49.77 and its two-hundred day moving average is $40.26.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Glass Jacobson Investment Advisors llc purchased a new position in iShares Bitcoin Trust in the second quarter valued at about $26,000. Asset Dedication LLC boosted its stake in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company's stock valued at $29,000 after acquiring an additional 279 shares in the last quarter. International Assets Investment Management LLC purchased a new position in iShares Bitcoin Trust in the second quarter worth $31,000. Hantz Financial Services Inc. acquired a new position in shares of iShares Bitcoin Trust during the second quarter worth $36,000. Finally, West Financial Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at $40,000.
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.
Read More
Before you consider iShares Bitcoin Trust ETF, 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 ETF wasn't on the list.
While iShares Bitcoin Trust ETF currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
