Sunburst Financial Group LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,341 shares of the company's stock, valued at approximately $283,000.
A number of other institutional investors also recently made changes to their positions in IBIT. Pathway Financial Advisers LLC lifted its position in shares of iShares Bitcoin Trust by 52.9% in the 4th quarter. Pathway Financial Advisers LLC now owns 665 shares of the company's stock worth $35,000 after buying an additional 230 shares during the last quarter. Investment Partners Asset Management Inc. boosted its position in iShares Bitcoin Trust by 11.1% during the 4th quarter. Investment Partners Asset Management Inc. now owns 6,883 shares of the company's stock valued at $365,000 after purchasing an additional 690 shares during the period. Avestar Capital LLC increased its position in iShares Bitcoin Trust by 25.0% in the fourth quarter. Avestar Capital LLC now owns 83,119 shares of the company's stock worth $4,409,000 after buying an additional 16,650 shares during the period. Phraction Management LLC acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at $1,374,000. Finally, Three Bridge Wealth Advisors LLC bought a new position in shares of iShares Bitcoin Trust during the fourth quarter worth about $229,000.
iShares Bitcoin Trust Stock Performance
IBIT stock traded up $0.59 on Monday, reaching $55.33. The company's stock had a trading volume of 27,383,704 shares, compared to its average volume of 43,851,234. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The firm has a fifty day moving average of $56.25 and a two-hundred day moving average of $45.51.
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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