iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report)’s share price fell 0.5% on Monday . The stock traded as low as $46.34 and last traded at $47.31. 10,296,379 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 44,614,367 shares. The stock had previously closed at $47.56.
iShares Bitcoin Trust Price Performance
The business has a 50-day moving average of $52.64 and a 200-day moving average of $48.90.
Hedge Funds Weigh In On iShares Bitcoin Trust
Hedge funds have recently modified their holdings of the business. Stephens Consulting LLC boosted its stake in iShares Bitcoin Trust by 62.8% during 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 period. AlphaMark Advisors LLC boosted its stake in shares of iShares Bitcoin Trust by 8.9% during the fourth quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock worth $130,000 after buying an additional 200 shares during the period. Pathway Financial Advisers LLC grew its holdings in shares of iShares Bitcoin Trust by 52.9% during the fourth quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock worth $35,000 after buying an additional 230 shares during the last quarter. SouthState Corp increased its position in iShares Bitcoin Trust by 5.5% in the 4th quarter. SouthState Corp now owns 4,411 shares of the company’s stock valued at $234,000 after acquiring an additional 230 shares during the period. Finally, Mosley Wealth Management raised its stake in iShares Bitcoin Trust by 2.5% during the 4th quarter. Mosley Wealth Management now owns 9,341 shares of the company’s stock valued at $496,000 after acquiring an additional 231 shares during 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.
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