6,760 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,760 shares of the company’s stock, valued at approximately $359,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IBIT. Union Savings Bank bought a new position in iShares Bitcoin Trust in the fourth quarter worth $25,000. City Holding Co. grew its position 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 worth $26,000 after buying an additional 238 shares during the period. Stephens Consulting LLC increased its stake in shares of iShares Bitcoin Trust by 62.8% in 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 lifted its position 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 bought a new stake in iShares Bitcoin Trust during the fourth quarter worth about $30,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT opened at $54.47 on Friday. The business’s 50 day moving average price is $56.36 and its 200-day moving average price is $44.70. iShares Bitcoin Trust has a 52 week low of $25.64 and a 52 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.