iShares Bitcoin Trust (NASDAQ:IBIT) Trading 0.8% Higher – Here’s What Happened

Shares of iShares Bitcoin Trust (NASDAQ:IBIT) traded up 0.8% during mid-day trading on Wednesday . The company traded as high as $58.33 and last traded at $58.03. 7,035,731 shares were traded during mid-day trading, a decline of 85% from the average session volume of 47,609,762 shares. The stock had previously closed at $57.58.

iShares Bitcoin Trust Stock Up 3.6 %

The business’s 50 day moving average price is $55.98 and its 200-day moving average price is $43.80.

Institutional Investors Weigh In On iShares Bitcoin Trust

Large investors have recently made changes to their positions in the company. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth about $25,000. City Holding Co. grew its holdings 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 worth $26,000 after purchasing an additional 238 shares during the last quarter. Stephens Consulting LLC grew 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 purchasing an additional 189 shares during the last quarter. Crewe Advisors LLC grew its holdings 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 worth $27,000 after purchasing an additional 302 shares during the last quarter. Finally, PSI Advisors LLC bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth about $30,000.

About iShares Bitcoin Trust

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.