Sunburst Financial Group LLC Takes $283,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Sunburst Financial Group LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,341 shares of the company’s stock, valued at approximately $283,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Union Savings Bank acquired a new position in iShares Bitcoin Trust during the fourth quarter worth about $25,000. City Holding Co. boosted its stake in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC grew its holdings in shares of iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares during the period. Crewe Advisors LLC increased its stake in iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares in the last quarter. Finally, PSI Advisors LLC acquired a new position in iShares Bitcoin Trust during the fourth quarter worth $30,000.

iShares Bitcoin Trust Trading Down 0.8 %

IBIT opened at $54.74 on Friday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The business’s fifty day moving average is $56.33 and its two-hundred day moving average is $45.22.

iShares Bitcoin Trust 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.