Financial Sense Advisors Inc. reduced its position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 627,469 shares of the company's stock after selling 20,871 shares during the quarter. iShares Bitcoin Trust accounts for approximately 11.0% of Financial Sense Advisors Inc.'s investment portfolio, making the stock its 2nd largest holding. Financial Sense Advisors Inc. owned approximately 0.10% of iShares Bitcoin Trust worth $33,287,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Union Savings Bank bought a new position in iShares Bitcoin Trust in the fourth quarter worth about $25,000. City Holding Co. raised its holdings in 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 in the last quarter. Stephens Consulting LLC raised its holdings 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. Crewe Advisors LLC raised 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 in the last quarter. Finally, Beacon Capital Management LLC bought a new position in iShares Bitcoin Trust in the fourth quarter worth about $28,000.
iShares Bitcoin Trust Stock Performance
iShares Bitcoin Trust stock traded down $2.03 during trading hours on Friday, reaching $54.01. The stock had a trading volume of 39,830,313 shares, compared to its average volume of 42,517,035. The business's 50 day moving average price is $56.15 and its 200-day moving average price is $45.91. iShares Bitcoin Trust has a 52 week low of $28.23 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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