Alliance Wealth Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,807 shares of the company’s stock, valued at approximately $202,000.
A number of other hedge funds have also recently modified their holdings of IBIT. Union Savings Bank bought a new stake in iShares Bitcoin Trust during the fourth quarter worth about $25,000. City Holding Co. boosted its holdings in 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 acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC boosted its holdings in 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 acquiring an additional 189 shares in the last quarter. Crewe Advisors LLC increased its holdings in shares of iShares Bitcoin Trust by 151.0% during 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. Finally, Asset Dedication LLC raised its position in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the last quarter.
iShares Bitcoin Trust Price Performance
Shares of IBIT stock opened at $54.47 on Friday. iShares Bitcoin Trust has a one year low of $25.64 and a one year high of $61.75. The company’s 50-day moving average is $56.35 and its 200 day moving average is $44.80.
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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