Baring Financial LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,790 shares of the company's stock, valued at approximately $1,209,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBIT. Union Savings Bank bought a new position in iShares Bitcoin Trust during the 4th quarter worth $25,000. City Holding Co. increased 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 purchasing an additional 238 shares during the period. Asset Dedication LLC raised its stake in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company's stock valued at $29,000 after purchasing an additional 279 shares in the last quarter. PSI Advisors LLC bought a new stake in iShares Bitcoin Trust during the fourth quarter worth about $30,000. Finally, Glass Jacobson Investment Advisors llc grew its stake in iShares Bitcoin Trust by 40.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company's stock worth $38,000 after buying an additional 304 shares in the last quarter.
iShares Bitcoin Trust Price Performance
IBIT stock traded up $0.38 during mid-day trading on Thursday, hitting $59.72. The stock had a trading volume of 32,736,342 shares, compared to its average volume of 48,170,246. The firm has a fifty day simple moving average of $56.09 and a 200 day simple moving average of $43.91. iShares Bitcoin Trust has a 52 week low of $24.13 and a 52 week high of $61.75.
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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