Spahn Wealth & Retirement LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 64,128 shares of the company's stock, valued at approximately $3,402,000. iShares Bitcoin Trust makes up approximately 2.2% of Spahn Wealth & Retirement LLC's holdings, making the stock its 17th biggest holding.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Union Savings Bank acquired a new stake in iShares Bitcoin Trust during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at approximately $25,000. City Holding Co. raised its position in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company's stock valued at $26,000 after acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC lifted its stake in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after purchasing an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC boosted its holdings in 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 purchasing an additional 302 shares during the period.
iShares Bitcoin Trust Stock Up 2.4 %
IBIT stock traded up $1.14 during trading on Friday, hitting $47.71. 68,499,240 shares of the company's stock traded hands, compared to its average volume of 44,844,594. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The stock has a fifty day moving average price of $51.69 and a two-hundred day moving average price of $49.08.
iShares Bitcoin Trust Company Profile
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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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