LPL Financial LLC lifted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 485.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 752,583 shares of the company's stock after acquiring an additional 624,036 shares during the quarter. LPL Financial LLC owned approximately 0.12% of iShares Bitcoin Trust worth $39,925,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBIT. Vision Financial Markets LLC purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth $25,000. Union Savings Bank purchased a new stake in iShares Bitcoin Trust in the 4th quarter worth $25,000. City Holding Co. raised its holdings in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company's stock valued at $26,000 after acquiring an additional 238 shares during the period. Stephens Consulting LLC lifted its position in shares of iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after acquiring an additional 302 shares in the last quarter.
iShares Bitcoin Trust Stock Performance
Shares of NASDAQ:IBIT traded up $1.49 during trading on Tuesday, hitting $48.30. 29,908,505 shares of the company's stock were exchanged, compared to its average volume of 44,623,449. The business's 50-day simple moving average is $52.14 and its 200 day simple moving average is $49.09. 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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