United Capital Financial Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,639 shares of the company’s stock, valued at approximately $405,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in IBIT. Union Savings Bank acquired a new stake in iShares Bitcoin Trust in the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new position in iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. raised its stake in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 238 shares during the last quarter. Stephens Consulting LLC boosted its holdings 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 purchasing an additional 189 shares during the period. Finally, Crewe Advisors LLC boosted its holdings 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 during the period.
iShares Bitcoin Trust Stock Up 0.6 %
Shares of IBIT opened at $48.26 on Monday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The company has a 50-day simple moving average of $49.02 and a 200-day simple moving average of $50.19.
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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