Shares of iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $52.87, but opened at $55.06. iShares Bitcoin Trust shares last traded at $55.44, with a volume of 8,675,195 shares changing hands.
iShares Bitcoin Trust Price Performance
The stock’s 50-day moving average price is $49.42 and its two-hundred day moving average price is $40.15.
Institutional Investors Weigh In On iShares Bitcoin Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of IBIT. Atomi Financial Group Inc. raised its position in shares of iShares Bitcoin Trust by 71.5% in the 2nd quarter. Atomi Financial Group Inc. now owns 9,508 shares of the company’s stock worth $325,000 after purchasing an additional 3,964 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of iShares Bitcoin Trust during the second quarter valued at approximately $331,000. Arkadios Wealth Advisors raised its holdings in iShares Bitcoin Trust by 10.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 24,629 shares of the company’s stock worth $841,000 after acquiring an additional 2,334 shares during the last quarter. Bfsg LLC lifted its position in iShares Bitcoin Trust by 34.7% in the 2nd quarter. Bfsg LLC now owns 1,360 shares of the company’s stock valued at $46,000 after acquiring an additional 350 shares in the last quarter. Finally, Oxler Private Wealth LLC boosted its stake in iShares Bitcoin Trust by 67.6% during the 2nd quarter. Oxler Private Wealth LLC now owns 465,478 shares of the company’s stock valued at $15,891,000 after purchasing an additional 187,709 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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