iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s stock price were up 1.3% during trading on Wednesday . The company traded as high as $53.84 and last traded at $52.78. Approximately 30,565,591 shares changed hands during trading, a decline of 33% from the average daily volume of 45,919,781 shares. The stock had previously closed at $52.08.
iShares Bitcoin Trust Stock Performance
The company's 50 day moving average price is $48.79 and its two-hundred day moving average price is $50.68.
Institutional Investors Weigh In On iShares Bitcoin Trust
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Union Savings Bank purchased a new stake in iShares Bitcoin Trust in the fourth quarter worth about $25,000. Vision Financial Markets LLC bought a new stake in iShares Bitcoin Trust during the fourth quarter valued at about $25,000. City Holding Co. grew its stake in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company's stock valued at $26,000 after purchasing an additional 238 shares during the last quarter. Stephens Consulting LLC raised its holdings in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after purchasing an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after buying an additional 302 shares during 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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