Consolidated Portfolio Review Corp Takes $343,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Consolidated Portfolio Review Corp acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 6,472 shares of the company’s stock, valued at approximately $343,000.

Other hedge funds have also recently made changes to their positions in the company. Union Savings Bank acquired a new position in iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. raised its holdings in shares of iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after buying an additional 238 shares during the period. Stephens Consulting LLC lifted its stake in iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares in the last quarter. Crewe Advisors LLC boosted its holdings in iShares Bitcoin Trust by 151.0% during the 4th 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. Finally, PSI Advisors LLC acquired a new position in iShares Bitcoin Trust in the 4th quarter valued at about $30,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $54.47 on Friday. iShares Bitcoin Trust has a fifty-two week low of $25.64 and a fifty-two week high of $61.75. The company has a 50 day moving average price of $56.36 and a 200 day moving average price of $44.70.

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.