Whalen Wealth Management Inc. Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Whalen Wealth Management Inc. bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 5,251 shares of the company’s stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds also recently modified their holdings of IBIT. Union Savings Bank acquired a new position in iShares Bitcoin Trust during the fourth quarter valued at approximately $25,000. City Holding Co. boosted its position in shares of iShares Bitcoin Trust by 95.2% during the fourth 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. Asset Dedication LLC boosted its position in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares in the last quarter. PSI Advisors LLC acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at $30,000. Finally, Glass Jacobson Investment Advisors llc increased its position in shares of iShares Bitcoin Trust by 40.2% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after buying an additional 304 shares in the last quarter.

iShares Bitcoin Trust Stock Down 1.7 %

Shares of iShares Bitcoin Trust stock opened at $59.38 on Thursday. The stock’s fifty day simple moving average is $55.27 and its 200 day simple moving average is $42.89. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $61.75.

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.