4,416 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Purchased by Phillips Financial Management LLC

Phillips Financial Management LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,416 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its holdings in iShares Bitcoin Trust by 6,401.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after buying an additional 4,573,794 shares during the last quarter. NINE MASTS CAPITAL Ltd boosted its holdings in iShares Bitcoin Trust by 29.6% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock worth $80,541,000 after buying an additional 346,918 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its holdings in iShares Bitcoin Trust by 11.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock worth $29,114,000 after buying an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. boosted its holdings in iShares Bitcoin Trust by 127.6% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after buying an additional 370,000 shares during the last quarter. Finally, Clear Street Derivatives LLC acquired a new stake in iShares Bitcoin Trust in the 3rd quarter worth about $23,686,000.

iShares Bitcoin Trust Price Performance

IBIT opened at $47.15 on Thursday. The company’s 50 day simple moving average is $54.38 and its two-hundred day simple moving average is $47.53. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75.

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.