Modern Wealth Management LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,360 shares of the company's stock, valued at approximately $408,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vision Financial Markets LLC acquired a new stake in iShares Bitcoin Trust during the 4th quarter worth approximately $25,000. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. raised its holdings in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company's stock worth $26,000 after acquiring an additional 238 shares during the period. Stephens Consulting LLC lifted its position in iShares Bitcoin Trust by 62.8% in the 4th 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 boosted its stake in iShares Bitcoin Trust by 151.0% in 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 period.
iShares Bitcoin Trust Price Performance
IBIT stock traded down $0.75 during trading hours on Monday, reaching $46.81. 23,881,047 shares of the stock were exchanged, compared to its average volume of 44,866,691. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The firm's 50-day moving average is $52.38 and its 200-day moving average is $48.99.
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.
See Also
Before you consider iShares Bitcoin Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iShares Bitcoin Trust wasn't on the list.
While iShares Bitcoin Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
