Shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Get Free Report) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $45.52 and traded as high as $45.71. iShares Bitcoin Trust ETF shares last traded at $45.70, with a volume of 25,967,204 shares.
iShares Bitcoin Trust ETF Trading Down 0.9%
The company’s fifty day moving average price is $45.85 and its 200-day moving average price is $41.63.
Institutional Trading of iShares Bitcoin Trust ETF
Large investors have recently bought and sold shares of the stock. Vigilare Wealth Management bought a new stake in shares of iShares Bitcoin Trust ETF in the 3rd quarter worth approximately $1,479,000. Woodmont Investment Counsel LLC acquired a new position in iShares Bitcoin Trust ETF during the 3rd quarter valued at approximately $215,000. Traynor Capital Management Inc. boosted its position in iShares Bitcoin Trust ETF by 9.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 17,117 shares of the company’s stock valued at $810,000 after purchasing an additional 1,438 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its stake in iShares Bitcoin Trust ETF by 89.3% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,200 shares of the company’s stock worth $151,000 after buying an additional 1,510 shares during the last quarter. Finally, Virtue Capital Management LLC grew its stake in iShares Bitcoin Trust ETF by 14.0% during the 3rd quarter. Virtue Capital Management LLC now owns 10,651 shares of the company’s stock worth $504,000 after buying an additional 1,310 shares during the last quarter.
iShares Bitcoin Trust ETF 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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