iShares Bitcoin Trust ETF (NASDAQ:IBIT – Get Free Report) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty 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 traded.
iShares Bitcoin Trust ETF Stock Up 1.1%
The company’s 50 day simple moving average is $45.52 and its 200 day simple moving average is $41.69.
Hedge Funds Weigh In On iShares Bitcoin Trust ETF
Several institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC raised its position in shares of iShares Bitcoin Trust ETF by 1.9% in the 2nd quarter. HighTower Advisors LLC now owns 1,349,658 shares of the company’s stock valued at $44,930,000 after purchasing an additional 24,674 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in shares of iShares Bitcoin Trust ETF by 12.1% during the second quarter. Concurrent Investment Advisors LLC now owns 103,456 shares of the company’s stock worth $3,444,000 after buying an additional 11,140 shares in the last quarter. OceanIQ Capital LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the second quarter worth approximately $816,000. Round Rock Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the second quarter worth approximately $3,124,000. Finally, Broussard Financial Group LLC grew its position in shares of iShares Bitcoin Trust ETF by 72.4% during the first quarter. Broussard Financial Group LLC now owns 70,478 shares of the company’s stock worth $2,708,000 after buying an additional 29,588 shares in the last quarter.
About iShares Bitcoin Trust ETF
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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