Abound Financial LLC purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,071 shares of the company’s stock, valued at approximately $322,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in IBIT. Union Savings Bank acquired a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth about $25,000. City Holding Co. lifted its position in shares of iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the last quarter. Stephens Consulting LLC lifted its position in shares of iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after buying an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $28,000.
iShares Bitcoin Trust Price Performance
NASDAQ IBIT opened at $53.94 on Friday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The stock has a 50-day simple moving average of $56.07 and a 200 day simple moving average of $46.07.
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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