Shares of iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report) were up 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 changed hands 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 Down 0.2 %
The firm’s fifty day simple moving average is $55.88 and its 200 day simple moving average is $43.63.
Hedge Funds Weigh In On iShares Bitcoin Trust
Hedge funds have recently bought and sold shares of the company. Union Savings Bank bought a new position in iShares Bitcoin Trust in the 4th quarter valued at about $25,000. City Holding Co. boosted its stake in shares of iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC boosted its stake 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 valued at $26,000 after purchasing an additional 189 shares in the last quarter. 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. Finally, Asset Dedication LLC boosted its stake in shares of 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 purchasing an additional 279 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.
Featured Articles
- Five stocks we like better than iShares Bitcoin Trust
- Ride Out The Recession With These Dividend Kings
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- Basic Materials Stocks Investing
- What Does the Future Hold for Eli Lilly?
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Receive News & Ratings for iShares Bitcoin Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Bitcoin Trust and related companies with MarketBeat.com's FREE daily email newsletter.
