iShares Bitcoin Trust (NASDAQ:IBIT) Stock Price Down 0.8% – Time to Sell?

Shares of iShares Bitcoin Trust (NASDAQ:IBITGet Free Report) fell 0.8% during mid-day trading on Tuesday . The stock traded as low as $58.41 and last traded at $59.12. 22,396,824 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 42,730,004 shares. The stock had previously closed at $59.62.

iShares Bitcoin Trust Stock Performance

The stock has a 50-day moving average of $55.08 and a 200-day moving average of $42.69.

Institutional Investors Weigh In On iShares Bitcoin Trust

Large investors have recently bought and sold shares of the company. City Holding Co. boosted its stake in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after buying an additional 238 shares in the last quarter. Asset Dedication LLC boosted its position in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after buying an additional 279 shares during the period. Glass Jacobson Investment Advisors llc grew its holdings in iShares Bitcoin Trust by 40.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after acquiring an additional 304 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in iShares Bitcoin Trust by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 88,837 shares of the company’s stock valued at $4,713,000 after acquiring an additional 320 shares during the period. Finally, Doliver Advisors LP raised its stake in shares of iShares Bitcoin Trust by 4.9% during the third quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock valued at $273,000 after acquiring an additional 350 shares during the last quarter.

About iShares Bitcoin Trust

(Get Free Report)

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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