Front Row Advisors LLC Takes $48,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Front Row Advisors LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 900 shares of the company’s stock, valued at approximately $48,000.

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

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock opened at $46.81 on Tuesday. The company’s 50 day simple moving average is $52.38 and its 200 day simple moving average is $48.99. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week 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.