iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report)’s stock price traded down 1.1% on Friday . The stock traded as low as $53.37 and last traded at $53.70. 13,156,787 shares were traded during trading, a decline of 63% from the average session volume of 35,105,746 shares. The stock had previously closed at $54.30.
iShares Bitcoin Trust Price Performance
The business’s fifty day simple moving average is $50.09 and its two-hundred day simple moving average is $40.36.
Institutional Trading of iShares Bitcoin Trust
Institutional investors have recently modified their holdings of the stock. Vienna Asset Management LLC raised its position in shares of iShares Bitcoin Trust by 131.6% in the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after buying an additional 15,137 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new position in shares of iShares Bitcoin Trust in the third quarter worth $656,000. B. Riley Wealth Advisors Inc. increased its stake in shares of iShares Bitcoin Trust by 32.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after buying an additional 9,266 shares during the period. Capstone Investment Advisors LLC acquired a new stake in iShares Bitcoin Trust in the third quarter valued at $11,507,000. Finally, Marathon Trading Investment Management LLC raised its holdings in iShares Bitcoin Trust by 238.4% during the third quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock worth $2,804,000 after purchasing an additional 54,671 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 Stories
- Five stocks we like better than iShares Bitcoin Trust
- What is the Nikkei 225 index?
- S&P 500 ETFs: Expense Ratios That Can Boost Your Long-Term Gains
- How Investors Can Find the Best Cheap Dividend Stocks
- How AI Implementation Could Help MongoDB Roar Back in 2025
- The Basics of Support and Resistance
- Hedge Funds Boost Oil Positions: Is a Major Rally on the Horizon?
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.
