Perennial Investment Advisors LLC purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,119 shares of the company's stock, valued at approximately $696,000.
A number of 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. Vision Financial Markets LLC bought a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at $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 boosted its stake in shares of 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 purchasing an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC grew its holdings in shares of 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 last quarter.
iShares Bitcoin Trust Trading Up 7.4 %
IBIT stock traded up $3.24 during trading on Wednesday, hitting $46.83. 84,923,877 shares of the stock traded hands, compared to its average volume of 46,460,039. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The company has a 50 day simple moving average of $50.11 and a 200 day simple moving average of $49.52.
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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