Unique Wealth LLC lifted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 11.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,185 shares of the company’s stock after purchasing an additional 1,612 shares during the quarter. Unique Wealth LLC’s holdings in iShares Bitcoin Trust were worth $859,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Glass Jacobson Investment Advisors llc bought a new position in iShares Bitcoin Trust during the 2nd quarter worth about $26,000. Asset Dedication LLC increased its holdings in shares of iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the last quarter. West Financial Advisors LLC bought a new position in shares of iShares Bitcoin Trust in the third quarter valued at about $40,000. Brown Brothers Harriman & Co. bought a new stake in shares of iShares Bitcoin Trust during the second quarter worth approximately $43,000. Finally, Hollencrest Capital Management grew its holdings in iShares Bitcoin Trust by 256.7% in the 2nd quarter. Hollencrest Capital Management now owns 1,327 shares of the company’s stock valued at $45,000 after buying an additional 955 shares in the last quarter.
iShares Bitcoin Trust Trading Down 1.2 %
Shares of IBIT stock opened at $53.22 on Tuesday. The stock has a 50 day simple moving average of $53.72 and a 200 day simple moving average of $41.89. iShares Bitcoin Trust has a 1 year low of $22.02 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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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