Kavar Capital Partners Group LLC Buys New Stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Kavar Capital Partners Group LLC acquired a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,375 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vision Financial Markets LLC purchased a new position in iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $25,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $28,000. Graney & King LLC acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth $31,000. IAG Wealth Partners LLC acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth $32,000. Finally, City Holding Co. lifted its position in iShares Bitcoin Trust ETF by 47.1% in the first quarter. City Holding Co. now owns 718 shares of the company’s stock valued at $34,000 after acquiring an additional 230 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Up 2.0%

Shares of IBIT stock opened at $61.28 on Thursday. The stock’s 50-day moving average is $57.93 and its two-hundred day moving average is $54.47. iShares Bitcoin Trust ETF has a 1 year low of $28.23 and a 1 year high of $63.70.

iShares Bitcoin Trust ETF 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.