Palumbo Wealth Management LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,397 shares of the company's stock, valued at approximately $658,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Union Savings Bank purchased a new stake in iShares Bitcoin Trust in the fourth quarter worth about $25,000. City Holding Co. raised its holdings 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 purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC raised its holdings 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 purchasing an additional 189 shares in the last quarter. Crewe Advisors LLC lifted its position 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 worth $27,000 after purchasing an additional 302 shares during the period. Finally, Beacon Capital Management LLC bought a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at approximately $28,000.
iShares Bitcoin Trust Stock Performance
IBIT stock traded up $1.14 during trading on Wednesday, hitting $54.65. 28,816,800 shares of the company's stock traded hands, compared to its average volume of 43,204,934. The business has a fifty day simple moving average of $56.17 and a two-hundred day simple moving average of $45.84. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.
About iShares Bitcoin Trust
(
Free Report)
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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