iShares Bitcoin Trust (NASDAQ:IBIT) Reaches New 1-Year High – What’s Next?

iShares Bitcoin Trust (NASDAQ:IBIT)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $42.47 and last traded at $42.41, with a volume of 11515901 shares trading hands. The stock had previously closed at $39.51.

iShares Bitcoin Trust Stock Up 0.5 %

The business’s 50 day moving average is $36.34 and its 200-day moving average is $36.20.

Hedge Funds Weigh In On iShares Bitcoin Trust

Large investors have recently bought and sold shares of the business. Glass Jacobson Investment Advisors llc acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth about $26,000. Asset Dedication LLC lifted its position in shares of 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 last quarter. Creekmur Asset Management LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at $30,000. International Assets Investment Management LLC purchased a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares Bitcoin Trust during the 2nd quarter worth $36,000.

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.