iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report)’s stock price were down 2.8% on Wednesday . The stock traded as low as $33.99 and last traded at $34.76. Approximately 52,260,804 shares traded hands during mid-day trading, an increase of 38% from the average daily volume of 37,783,375 shares. The stock had previously closed at $35.75.
iShares Bitcoin Trust Stock Performance
The company’s 50 day moving average is $35.85.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new stake in iShares Bitcoin Trust in the first quarter valued at $30,000. Salem Investment Counselors Inc. purchased a new position in shares of iShares Bitcoin Trust during the 1st quarter worth $41,000. Catalyst Private Wealth LLC purchased a new stake in iShares Bitcoin Trust in the 1st quarter valued at about $212,000. Graybill Wealth Management LTD. purchased a new stake in iShares Bitcoin Trust in the 1st quarter valued at about $236,000. Finally, Investment Partners Asset Management Inc. acquired a new position in iShares Bitcoin Trust in the first quarter valued at about $249,000.
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