iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $35.38, but opened at $34.10. iShares Bitcoin Trust shares last traded at $33.99, with a volume of 5,791,277 shares trading hands.
iShares Bitcoin Trust Stock Performance
The business’s 50-day moving average price is $34.94 and its 200-day moving average price is $36.17.
Institutional Investors Weigh In On iShares Bitcoin Trust
Hedge funds have recently modified their holdings of the business. Brookstone Capital Management bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $7,017,000. Kingsview Wealth Management LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $1,403,000. Financial Sense Advisors Inc. bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $1,278,000. Axxcess Wealth Management LLC bought a new position in iShares Bitcoin Trust in the 1st quarter worth $965,000. Finally, Traynor Capital Management Inc. purchased a new stake in iShares Bitcoin Trust in the 1st quarter worth $3,666,000.
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.
Recommended Stories
- Five stocks we like better than iShares Bitcoin Trust
- What is the Shanghai Stock Exchange Composite Index?
- Five Below Stock Faces Challenges Despite Strong Revenue Growth
- What is the Dow Jones Industrial Average (DJIA)?
- 3M’s Turnaround Story Will Continue This Year
- Are Penny Stocks a Good Fit for Your Portfolio?
- Dollar General’s Stock: A Warning Sign for the Average American?
Receive News & Ratings for iShares Bitcoin Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Bitcoin Trust and related companies with MarketBeat.com's FREE daily email newsletter.