Convergence Financial LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,628 shares of the company’s stock, valued at approximately $352,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Union Savings Bank acquired a new stake in iShares Bitcoin Trust in the 4th quarter valued at about $25,000. City Holding Co. raised its position 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 boosted 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 valued at $26,000 after buying an additional 189 shares in the last quarter. Crewe Advisors LLC lifted its holdings in shares of 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 during the last quarter. Finally, Beacon Capital Management LLC purchased a new position in shares of iShares Bitcoin Trust during the fourth quarter worth approximately $28,000.
iShares Bitcoin Trust Stock Down 4.1 %
IBIT opened at $47.96 on Thursday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The business has a 50 day moving average price of $55.54 and a two-hundred day moving average price of $46.53.
About iShares Bitcoin Trust
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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