Octavia Wealth Advisors LLC Increases Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Octavia Wealth Advisors LLC grew its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 14.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,164 shares of the company’s stock after buying an additional 1,301 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in iShares Bitcoin Trust were worth $539,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Union Savings Bank purchased a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at about $25,000. City Holding Co. boosted its stake 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. Asset Dedication LLC boosted its stake in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after buying an additional 279 shares during the period. PSI Advisors LLC purchased a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at about $30,000. Finally, Glass Jacobson Investment Advisors llc boosted its stake in shares of iShares Bitcoin Trust by 40.2% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after buying an additional 304 shares during the period.

iShares Bitcoin Trust Trading Up 1.3 %

Shares of IBIT opened at $60.42 on Wednesday. The stock has a 50-day simple moving average of $55.08 and a 200-day simple moving average of $42.69. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year 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.