Clay Northam Wealth Management LLC Acquires 2,330 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Clay Northam Wealth Management LLC boosted its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 24.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,925 shares of the company’s stock after purchasing an additional 2,330 shares during the quarter. Clay Northam Wealth Management LLC’s holdings in iShares Bitcoin Trust were worth $633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Optas LLC purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $227,000. Fiduciary Planning LLC bought a new stake in iShares Bitcoin Trust during the fourth quarter worth approximately $793,000. Panoramic Investment Advisors LLC raised its position in iShares Bitcoin Trust by 3.0% during the fourth quarter. Panoramic Investment Advisors LLC now owns 52,213 shares of the company’s stock valued at $2,770,000 after purchasing an additional 1,497 shares during the period. Princeton Global Asset Management LLC lifted its stake in shares of iShares Bitcoin Trust by 22.2% in the 4th quarter. Princeton Global Asset Management LLC now owns 4,818 shares of the company’s stock valued at $256,000 after purchasing an additional 875 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust by 43,033.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 2,588 shares of the company’s stock worth $137,000 after purchasing an additional 2,582 shares during the period.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $57.58 on Tuesday. The stock’s fifty day moving average is $56.19 and its 200 day moving average is $44.27. iShares Bitcoin Trust has a fifty-two week low of $24.13 and a fifty-two 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.