4,000 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Bought by Cottage Street Advisors LLC

Cottage Street Advisors LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds have also made changes to their positions in the company. Graney & King LLC purchased a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth about $31,000. Ausdal Financial Partners Inc. purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter valued at about $612,000. Financial Engines Advisors L.L.C. grew its position in shares of iShares Bitcoin Trust by 26.9% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 319,558 shares of the company’s stock valued at $16,953,000 after purchasing an additional 67,660 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $251,000. Finally, FineMark National Bank & Trust purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $538,000.

iShares Bitcoin Trust Stock Down 0.1 %

IBIT stock opened at $50.14 on Wednesday. The stock’s 50 day moving average price is $53.18 and its 200 day moving average price is $48.56. iShares Bitcoin Trust has a 1 year low of $28.23 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.