Emerald Advisers LLC Invests $251,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Emerald Advisers LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,722 shares of the company’s stock, valued at approximately $251,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC grew its holdings in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares in the last quarter. AlphaMark Advisors LLC boosted its position in iShares Bitcoin Trust by 8.9% during the fourth quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock worth $130,000 after acquiring an additional 200 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in iShares Bitcoin Trust by 52.9% during the 4th quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock valued at $35,000 after acquiring an additional 230 shares in the last quarter. SouthState Corp raised its holdings in iShares Bitcoin Trust by 5.5% in the 4th quarter. SouthState Corp now owns 4,411 shares of the company’s stock valued at $234,000 after acquiring an additional 230 shares during the last quarter. Finally, Mosley Wealth Management lifted its stake in iShares Bitcoin Trust by 2.5% in the 4th quarter. Mosley Wealth Management now owns 9,341 shares of the company’s stock worth $496,000 after purchasing an additional 231 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of iShares Bitcoin Trust stock opened at $47.70 on Monday. The stock’s 50 day simple moving average is $53.33 and its 200-day simple moving average is $48.29. 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.