Cedar Mountain Advisors LLC Acquires 985 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Cedar Mountain Advisors LLC boosted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 72.3% in the 4th quarter, HoldingsChannel reports. The firm owned 2,347 shares of the company’s stock after purchasing an additional 985 shares during the quarter. Cedar Mountain Advisors LLC’s holdings in iShares Bitcoin Trust were worth $125,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. City Holding Co. boosted its position 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 last quarter. Asset Dedication LLC lifted its stake in iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares in the last quarter. Glass Jacobson Investment Advisors llc boosted its holdings in shares of iShares Bitcoin Trust by 40.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after purchasing an additional 304 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares Bitcoin Trust by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 88,837 shares of the company’s stock valued at $4,713,000 after purchasing an additional 320 shares during the last quarter. Finally, Doliver Advisors LP grew its position in shares of iShares Bitcoin Trust by 4.9% during the third quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock valued at $273,000 after purchasing an additional 350 shares in the last quarter.

iShares Bitcoin Trust Trading Up 1.5 %

NASDAQ:IBIT opened at $59.70 on Friday. The business’s 50-day moving average is $55.77 and its 200 day moving average is $43.30. iShares Bitcoin Trust has a 12 month low of $22.58 and a 12 month high of $61.75.

iShares Bitcoin Trust Profile

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.