iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report)’s stock price rose 1.3% during mid-day trading on Tuesday . The company traded as high as $54.73 and last traded at $54.25. Approximately 10,065,283 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 35,120,449 shares. The stock had previously closed at $53.55.
iShares Bitcoin Trust Stock Down 0.9 %
The company has a 50 day moving average of $51.28 and a 200 day moving average of $40.80.
Institutional Investors Weigh In On iShares Bitcoin Trust
A number of hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $31,000. Concurrent Investment Advisors LLC grew its holdings in shares of iShares Bitcoin Trust by 64.2% in the second quarter. Concurrent Investment Advisors LLC now owns 11,006 shares of the company’s stock valued at $376,000 after purchasing an additional 4,302 shares during the period. Commonwealth Equity Services LLC increased its position in iShares Bitcoin Trust by 18.5% during the second quarter. Commonwealth Equity Services LLC now owns 303,505 shares of the company’s stock worth $10,362,000 after purchasing an additional 47,430 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in iShares Bitcoin Trust during the second quarter worth about $118,000. Finally, Aptus Capital Advisors LLC boosted its holdings in iShares Bitcoin Trust by 27.8% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,454 shares of the company’s stock valued at $323,000 after purchasing an additional 2,058 shares during the last quarter.
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.
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