Samalin Investment Counsel LLC Buys New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Samalin Investment Counsel LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,419 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in iShares Bitcoin Trust during the third quarter worth approximately $108,000. Nwam LLC acquired a new stake in iShares Bitcoin Trust during the third quarter worth approximately $334,000. Great Valley Advisor Group Inc. acquired a new stake in iShares Bitcoin Trust during the third quarter worth approximately $206,000. Cerity Partners LLC increased its holdings in shares of iShares Bitcoin Trust by 51.9% in the 3rd quarter. Cerity Partners LLC now owns 188,505 shares of the company’s stock valued at $6,811,000 after acquiring an additional 64,396 shares during the period. Finally, Kingsview Wealth Management LLC increased its holdings in shares of iShares Bitcoin Trust by 7.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 42,502 shares of the company’s stock valued at $1,536,000 after acquiring an additional 2,764 shares during the period.

iShares Bitcoin Trust Stock Down 0.3 %

Shares of iShares Bitcoin Trust stock opened at $47.70 on Monday. The firm’s fifty day simple moving average is $53.33 and its 200-day simple moving average is $48.29. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 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.