Gladstone Institutional Advisory LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,524 shares of the company's stock, valued at approximately $452,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBIT. Union Savings Bank acquired a new stake in iShares Bitcoin Trust in the 4th quarter valued at $25,000. City Holding Co. increased its stake 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 worth $26,000 after purchasing an additional 238 shares during the last quarter. Stephens Consulting LLC increased its stake in shares of iShares Bitcoin Trust by 62.8% during the 4th 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. Crewe Advisors LLC increased its stake in shares of iShares Bitcoin Trust by 151.0% during 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 last quarter. Finally, Asset Dedication LLC increased its stake in shares of iShares Bitcoin Trust by 52.4% during 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 Stock Down 3.6 %
Shares of iShares Bitcoin Trust stock traded down $2.01 during trading on Tuesday, hitting $53.32. 23,319,055 shares of the stock were exchanged, compared to its average volume of 43,125,363. The company has a fifty day moving average price of $56.26 and a 200-day moving average price of $45.65. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75.
iShares Bitcoin Trust Profile
(
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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