Ascent Wealth Partners LLC Makes New $363,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Ascent Wealth Partners LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 6,842 shares of the company’s stock, valued at approximately $363,000.

Other institutional investors have also bought and sold shares of the company. Union Savings Bank purchased a new position in iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. City Holding Co. lifted its stake in iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC lifted its stake in 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 raised its position in shares of iShares Bitcoin Trust by 151.0% during the 4th 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 period. Finally, Beacon Capital Management LLC purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at approximately $28,000.

iShares Bitcoin Trust Stock Down 3.7 %

IBIT stock opened at $53.94 on Friday. The firm’s 50 day moving average price is $56.07 and its 200-day moving average price is $46.07. iShares Bitcoin Trust has a one year low of $28.23 and a one year 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.