Wealthspire Advisors LLC Acquires 60,396 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Wealthspire Advisors LLC lifted its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 353.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 77,502 shares of the company’s stock after acquiring an additional 60,396 shares during the period. Wealthspire Advisors LLC’s holdings in iShares Bitcoin Trust were worth $4,111,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Union Savings Bank acquired a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth about $25,000. City Holding Co. increased its position in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC increased its position in shares of iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares in the last quarter. Crewe Advisors LLC increased its position in shares of iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after purchasing an additional 302 shares in the last quarter. Finally, Beacon Capital Management LLC acquired a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth about $28,000.

iShares Bitcoin Trust Trading Down 3.7 %

Shares of iShares Bitcoin Trust stock opened at $53.94 on Monday. The company has a 50-day simple moving average of $56.07 and a 200 day simple moving average of $46.27. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75.

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.