Wedbush Securities Inc. Buys 3,513 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Wedbush Securities Inc. increased its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,109 shares of the company’s stock after buying an additional 3,513 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares Bitcoin Trust were worth $961,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth $25,000. Vision Financial Markets LLC purchased a new position in iShares Bitcoin Trust during the fourth quarter worth about $25,000. City Holding Co. grew its position in iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC increased its stake in 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 during the last quarter. Finally, Crewe Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after buying an additional 302 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $47.71 on Monday. The stock’s 50 day moving average price is $51.45 and its 200-day moving average price is $49.39. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month 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.