iShares Bitcoin Trust (NASDAQ:IBIT) Trading Down 0.2% – Here’s What Happened

iShares Bitcoin Trust (NASDAQ:IBIT)’s share price fell 0.2% during trading on Friday . The company traded as low as $52.39 and last traded at $53.21. 21,187,061 shares traded hands during trading, a decline of 48% from the average session volume of 40,777,457 shares. The stock had previously closed at $53.34.

iShares Bitcoin Trust Stock Up 0.9 %

The firm’s 50 day moving average is $53.42 and its two-hundred day moving average is $41.71.

Hedge Funds Weigh In On iShares Bitcoin Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. HBW Advisory Services LLC acquired a new stake in iShares Bitcoin Trust in the 4th quarter worth about $239,000. CCM Investment Advisers LLC lifted its holdings in shares of iShares Bitcoin Trust by 79.3% during the 4th quarter. CCM Investment Advisers LLC now owns 13,885 shares of the company’s stock worth $744,000 after acquiring an additional 6,140 shares during the period. Ridgewood Investments LLC boosted its position in shares of iShares Bitcoin Trust by 76.7% in the fourth quarter. Ridgewood Investments LLC now owns 6,980 shares of the company’s stock worth $370,000 after acquiring an additional 3,030 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in iShares Bitcoin Trust by 0.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 88,837 shares of the company’s stock worth $4,713,000 after purchasing an additional 320 shares during the last quarter. Finally, ORG Partners LLC raised its stake in iShares Bitcoin Trust by 346.9% during the fourth quarter. ORG Partners LLC now owns 10,208 shares of the company’s stock worth $542,000 after purchasing an additional 7,924 shares during the period.

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.