J.Safra Asset Management Corp Buys New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

J.Safra Asset Management Corp purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, Holdings Channel reports. The fund purchased 14,192 shares of the company’s stock, valued at approximately $760,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes 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 holdings in 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 purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC boosted its holdings in 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 purchasing an additional 189 shares in the last quarter. Crewe Advisors LLC increased its stake in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC acquired a new stake in iShares Bitcoin Trust during the fourth quarter worth approximately $28,000.

iShares Bitcoin Trust Stock Performance

Shares of iShares Bitcoin Trust stock opened at $49.39 on Wednesday. The company has a fifty day simple moving average of $55.04 and a 200-day simple moving average of $47.03. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month 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.