IFP Advisors Inc lifted its position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 224.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,318 shares of the company's stock after purchasing an additional 8,517 shares during the quarter. IFP Advisors Inc's holdings in iShares Bitcoin Trust were worth $653,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Union Savings Bank purchased a new stake in iShares Bitcoin Trust in the fourth quarter worth approximately $25,000. City Holding Co. boosted its stake 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 grew its holdings 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 valued at $26,000 after purchasing an additional 189 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after buying an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter worth about $28,000.
iShares Bitcoin Trust Price Performance
iShares Bitcoin Trust stock traded up $3.11 during trading hours on Monday, reaching $51.01. The company had a trading volume of 35,390,335 shares, compared to its average volume of 45,360,445. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75. The company has a 50-day moving average price of $55.25 and a 200 day moving average price of $46.81.
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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