iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.47 and last traded at $42.41, with a volume of 11515901 shares changing hands. The stock had previously closed at $39.51.
iShares Bitcoin Trust Trading Up 7.4 %
The stock has a fifty day simple moving average of $35.95 and a 200-day simple moving average of $36.10.
Institutional Investors Weigh In On iShares Bitcoin Trust
Hedge funds and other institutional investors have recently bought and sold shares of the company. Asset Dedication LLC increased its holdings in shares of iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the last quarter. Bfsg LLC raised its holdings in shares of iShares Bitcoin Trust by 34.7% during the 2nd quarter. Bfsg LLC now owns 1,360 shares of the company’s stock worth $46,000 after buying an additional 350 shares in the last quarter. Doliver Advisors LP raised its holdings in shares of iShares Bitcoin Trust by 4.9% during the 3rd quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock worth $273,000 after buying an additional 350 shares in the last quarter. Summit Global Investments increased its holdings in iShares Bitcoin Trust by 3.3% in the 3rd quarter. Summit Global Investments now owns 11,214 shares of the company’s stock worth $405,000 after purchasing an additional 355 shares in the last quarter. Finally, Cedar Mountain Advisors LLC increased its holdings in iShares Bitcoin Trust by 39.1% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,362 shares of the company’s stock worth $46,000 after purchasing an additional 383 shares in 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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