iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report)’s stock price fell 2% during trading on Monday . The company traded as low as $53.69 and last traded at $56.56. 33,431,794 shares were traded during mid-day trading, a decline of 29% from the average session volume of 47,144,141 shares. The stock had previously closed at $57.71.
iShares Bitcoin Trust Stock Down 1.4 %
The business’s fifty day moving average price is $56.35 and its two-hundred day moving average price is $44.55.
Institutional Investors Weigh In On iShares Bitcoin Trust
Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in iShares Bitcoin Trust by 864.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,399 shares of the company’s stock valued at $503,000 after purchasing an additional 8,424 shares during the last quarter. Maia Wealth LLC purchased a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at approximately $342,000. Cape Investment Advisory Inc. grew its stake in shares of iShares Bitcoin Trust by 12.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 20,697 shares of the company’s stock valued at $1,098,000 after buying an additional 2,284 shares during the last quarter. Morgan Dempsey Capital Management LLC bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $46,000. Finally, Spectrum Wealth Counsel LLC boosted its holdings in iShares Bitcoin Trust by 327.9% during the 4th quarter. Spectrum Wealth Counsel LLC now owns 5,417 shares of the company’s stock valued at $287,000 after acquiring an additional 4,151 shares during the period.
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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