iShares Bitcoin Trust (IBIT) Stock Up 3.6% on Friday

Shares of iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report) were up 3.6% on Friday. The company traded as high as $37.62 and last traded at $37.51.

Shares of the iShares Bitcoin Trust (NASDAQ:IBIT) rose on Friday. The company's stock traded as high as $37.62 and last traded at $37.51. Approximately 16,359,813 shares were traded during trading, a decline of 48% from the average daily volume of 31,432,305 shares. The stock had previously closed at $36.22.

The stock has a fifty day simple moving average of $36.90.

Institutional investors and hedge funds have recently made changes to their positions in the stock. FinTrust Capital Advisors LLC purchased a new stake in iShares Bitcoin Trust during the first quarter that was valued at $26,000. Sound Income Strategies LLC purchased a new stake in shares of iShares Bitcoin Trust during the 1st quarter that was valued at $30,000. Creekmur Asset Management LLC acquired a new stake in shares of iShares Bitcoin Trust in the 1st quarter that was valued at $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares Bitcoin Trust in the 2nd quarter that was valued at $36,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in iShares Bitcoin Trust during the first quarter that was valued at $40,000.

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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