Independent Advisor Alliance Has $7.24 Million Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Independent Advisor Alliance boosted its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 2,052.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,542 shares of the company’s stock after buying an additional 130,199 shares during the period. Independent Advisor Alliance’s holdings in iShares Bitcoin Trust were worth $7,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vision Financial Markets LLC acquired a new position in iShares Bitcoin Trust in the fourth quarter valued at $25,000. Union Savings Bank acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at about $25,000. City Holding Co. raised its holdings in shares of 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 purchasing an additional 238 shares during the period. Stephens Consulting LLC raised 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 valued at $26,000 after purchasing an additional 189 shares during the period. Finally, Crewe Advisors LLC raised its holdings in shares of 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 purchasing an additional 302 shares during the period.

iShares Bitcoin Trust Trading Down 9.1 %

Shares of NASDAQ IBIT opened at $44.91 on Tuesday. The firm’s 50-day moving average price is $54.61 and its 200-day moving average price is $47.45. 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.