iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s share price rose 4.2% during trading on Tuesday . The stock traded as high as $51.85 and last traded at $51.82. Approximately 30,519,457 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 45,388,801 shares. The stock had previously closed at $49.72.
iShares Bitcoin Trust Stock Up 1.9 %
The stock has a fifty day moving average price of $48.79 and a two-hundred day moving average price of $50.68.
Hedge Funds Weigh In On iShares Bitcoin Trust
Large investors have recently bought and sold shares of the stock. Vision Financial Markets LLC purchased a new position in shares of iShares Bitcoin Trust in the 4th quarter worth about $25,000. Union Savings Bank purchased a new stake in iShares Bitcoin Trust during the fourth quarter valued at about $25,000. City Holding Co. raised its holdings in shares of iShares Bitcoin Trust by 95.2% during the 4th 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 lifted its holdings in shares of iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after acquiring an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC boosted its stake 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 valued at $27,000 after purchasing an additional 302 shares in the last quarter.
About iShares Bitcoin Trust
(
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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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