Advyzon Investment Management LLC Purchases New Shares in iShares Bitcoin Trust (NASDAQ:IBIT)

Advyzon Investment Management LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, Holdings Channel.com reports. The fund acquired 17,678 shares of the company’s stock, valued at approximately $938,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Union Savings Bank acquired a new stake in iShares Bitcoin Trust in the fourth quarter valued at $25,000. City Holding Co. raised its stake in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the period. Stephens Consulting LLC lifted its holdings 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 worth $26,000 after purchasing an additional 189 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after buying an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth approximately $28,000.

iShares Bitcoin Trust Trading Up 2.1 %

NASDAQ:IBIT opened at $54.65 on Thursday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The firm has a 50-day moving average price of $56.17 and a two-hundred day moving average price of $45.84.

About iShares Bitcoin Trust

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.