Retirement Planning Co of New England Inc. Invests $293,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Retirement Planning Co of New England Inc. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,517 shares of the company’s stock, valued at approximately $293,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Birnam Oak Advisors LP bought a new position in shares of iShares Bitcoin Trust during the 4th quarter worth $1,751,000. Independent Family Office LLC grew its stake in shares of iShares Bitcoin Trust by 24.6% during the 4th quarter. Independent Family Office LLC now owns 14,825 shares of the company’s stock worth $786,000 after acquiring an additional 2,925 shares during the period. BlackDiamond Wealth Management LLC boosted its stake in iShares Bitcoin Trust by 374.0% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 27,222 shares of the company’s stock worth $1,444,000 after purchasing an additional 21,479 shares during the period. Axxcess Wealth Management LLC boosted its stake in iShares Bitcoin Trust by 341.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 84,303 shares of the company’s stock worth $4,472,000 after purchasing an additional 65,220 shares during the period. Finally, Horizon Kinetics Asset Management LLC boosted its stake in iShares Bitcoin Trust by 7.3% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 864,272 shares of the company’s stock worth $45,850,000 after purchasing an additional 58,469 shares during the period.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $48.06 on Tuesday. 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 simple moving average of $53.82 and a two-hundred day simple moving average of $47.88.

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.