Perkins Coie Trust Co Takes $55,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Perkins Coie Trust Co bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,045 shares of the company’s stock, valued at approximately $55,000.

Several other hedge funds have also recently added to or reduced their stakes in IBIT. Clarius Group LLC acquired a new position in iShares Bitcoin Trust during the 4th quarter worth approximately $290,000. J2 Capital Management Inc purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth $440,000. BNC Wealth Management LLC purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth $1,282,000. Sandbox Financial Partners LLC grew its stake in shares of iShares Bitcoin Trust by 16.2% during the fourth quarter. Sandbox Financial Partners LLC now owns 9,596 shares of the company’s stock worth $509,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Udine Wealth Management Inc. increased its holdings in iShares Bitcoin Trust by 1.7% in the fourth quarter. Udine Wealth Management Inc. now owns 55,216 shares of the company’s stock valued at $2,929,000 after buying an additional 927 shares during the last quarter.

iShares Bitcoin Trust Stock Up 4.4 %

Shares of NASDAQ IBIT opened at $59.62 on Friday. The business has a 50-day moving average of $54.88 and a two-hundred day moving average of $42.45. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $61.75.

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.