Obermeyer Wealth Partners Makes New $233,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Obermeyer Wealth Partners bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,388 shares of the company’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IBIT. Vision Financial Markets LLC purchased a new position in iShares Bitcoin Trust in the fourth quarter valued at about $25,000. Union Savings Bank purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $25,000. City Holding Co. lifted its position in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after acquiring an additional 238 shares in 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 worth $26,000 after acquiring an additional 189 shares during the period. Finally, Crewe Advisors LLC grew its position in iShares Bitcoin Trust by 151.0% in the fourth 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.

iShares Bitcoin Trust Trading Up 3.0%

IBIT opened at $59.62 on Wednesday. The firm’s 50 day moving average is $49.91 and its 200-day moving average is $52.17. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week 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.