Stonebridge Financial Group LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,569 shares of the company’s stock, valued at approximately $242,000.
Several other large investors have also modified their holdings of IBIT. Union Savings Bank purchased a new stake in iShares Bitcoin Trust in the 4th quarter valued at approximately $25,000. City Holding Co. lifted its position in shares of iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC lifted its position in shares of iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. Crewe Advisors LLC boosted its stake 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 acquiring an additional 302 shares during the last quarter. Finally, PSI Advisors LLC purchased a new stake in iShares Bitcoin Trust during the 4th quarter worth about $30,000.
iShares Bitcoin Trust Stock Performance
NASDAQ:IBIT opened at $54.11 on Wednesday. iShares Bitcoin Trust has a 12-month low of $27.51 and a 12-month high of $61.75. The company’s 50-day moving average is $56.36 and its two-hundred day moving average is $45.04.
iShares Bitcoin Trust Company 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.
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