Independent Advisor Alliance Buys 130,199 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Independent Advisor Alliance grew its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 2,052.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 136,542 shares of the company’s stock after buying an additional 130,199 shares during the quarter. Independent Advisor Alliance’s holdings in iShares Bitcoin Trust were worth $7,244,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vision Financial Markets LLC bought a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth $25,000. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth $25,000. City Holding Co. grew its stake 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 worth $26,000 after purchasing an additional 238 shares during the last quarter. Stephens Consulting LLC grew its stake 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 worth $26,000 after purchasing an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC grew its stake in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after purchasing an additional 302 shares during the last quarter.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock opened at $44.91 on Tuesday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The company’s fifty day moving average is $54.61 and its 200 day moving average is $47.45.

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.