Kestra Investment Management LLC Acquires New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Kestra Investment Management LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,077 shares of the company’s stock, valued at approximately $110,000.

Other institutional investors have also made changes to their positions in the company. Union Savings Bank bought a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at approximately $25,000. City Holding Co. raised its stake in shares of iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC raised its stake in shares of 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 acquiring an additional 189 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of 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 acquiring an additional 302 shares in the last quarter. Finally, Beacon Capital Management LLC bought a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at approximately $28,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $55.99 on Friday. The stock’s 50 day simple moving average is $56.15 and its 200 day simple moving average is $45.91. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75.

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.