iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report) shares traded down 6.3% during mid-day trading on Thursday . The stock traded as low as $46.15 and last traded at $46.29. 20,514,122 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 44,117,188 shares. The stock had previously closed at $49.41.
iShares Bitcoin Trust Stock Up 2.4 %
The company’s 50 day moving average price is $51.45 and its 200-day moving average price is $49.18.
Institutional Investors Weigh In On iShares Bitcoin Trust
Large investors have recently modified their holdings of the stock. Vienna Asset Management LLC boosted its position in shares of iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after purchasing an additional 15,137 shares during the period. Andina Capital Management LLC boosted its holdings in shares of iShares Bitcoin Trust by 131.0% in the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock worth $910,000 after buying an additional 9,728 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of iShares Bitcoin Trust by 32.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after acquiring an additional 9,266 shares during the period. Mutual Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 65.8% in the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after acquiring an additional 62,338 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC acquired a new position in iShares Bitcoin Trust in the 3rd quarter worth approximately $656,000.
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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