Forefront Wealth Management Inc. Purchases New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Forefront Wealth Management Inc. purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,950 shares of the company’s stock, valued at approximately $793,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new position in iShares Bitcoin Trust during the fourth quarter valued at about $25,000. Union Savings Bank bought a new position in iShares Bitcoin Trust during the fourth quarter valued at about $25,000. City Holding Co. increased its stake in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after acquiring an additional 238 shares during the period. Stephens Consulting LLC increased its stake in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares during the period. Finally, Crewe Advisors LLC increased its stake in 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 acquiring an additional 302 shares during the period.

iShares Bitcoin Trust Stock Performance

Shares of IBIT opened at $47.70 on Friday. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75. The stock’s 50-day moving average price is $53.33 and its 200 day moving average price is $48.08.

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.