FourThought Financial Partners LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,269 shares of the company’s stock, valued at approximately $386,000.
Other institutional investors have also added to or reduced their stakes in the company. Union Savings Bank acquired a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at about $25,000. City Holding Co. grew its holdings 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 buying an additional 238 shares in the last quarter. Stephens Consulting LLC raised its position in 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 buying an additional 189 shares during the last quarter. Crewe Advisors LLC lifted its stake in iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after acquiring an additional 302 shares in the last quarter. Finally, Beacon Capital Management LLC acquired a new position in iShares Bitcoin Trust during the 4th quarter worth approximately $28,000.
iShares Bitcoin Trust Trading Down 6.3 %
NASDAQ IBIT opened at $50.03 on Wednesday. The firm’s 50 day moving average is $55.94 and its 200-day moving average is $46.41. iShares Bitcoin Trust has a 12-month low of $28.23 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.
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