Envestnet Asset Management Inc. increased its position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 58.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,636 shares of the company's stock after acquiring an additional 75,945 shares during the period. Envestnet Asset Management Inc.'s holdings in iShares Bitcoin Trust were worth $10,962,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Union Savings Bank acquired a new stake in iShares Bitcoin Trust during the 4th quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at approximately $25,000. City Holding Co. grew its holdings in iShares Bitcoin Trust by 95.2% during the 4th 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 grew its stake 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 purchasing an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC increased its holdings 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 valued at $27,000 after acquiring an additional 302 shares during the last quarter.
iShares Bitcoin Trust Stock Up 3.0 %
Shares of NASDAQ:IBIT traded up $1.46 during trading on Monday, hitting $49.72. 56,925,825 shares of the company traded hands, compared to its average volume of 45,651,906. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The business's fifty day moving average is $48.91 and its 200-day moving average is $50.29.
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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