Cedar Mountain Advisors LLC Acquires 985 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Cedar Mountain Advisors LLC increased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 72.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,347 shares of the company’s stock after purchasing an additional 985 shares during the quarter. Cedar Mountain Advisors LLC’s holdings in iShares Bitcoin Trust were worth $125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of IBIT. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $25,000. City Holding Co. boosted its holdings 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 buying an additional 238 shares during the last quarter. Asset Dedication LLC grew its position in iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after buying an additional 279 shares during the period. PSI Advisors LLC bought a new stake in iShares Bitcoin Trust during the fourth quarter valued at approximately $30,000. Finally, Glass Jacobson Investment Advisors llc increased its holdings in iShares Bitcoin Trust by 40.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after buying an additional 304 shares during the last quarter.

iShares Bitcoin Trust Trading Up 1.5 %

Shares of iShares Bitcoin Trust stock opened at $59.70 on Friday. iShares Bitcoin Trust has a 1-year low of $22.58 and a 1-year high of $61.75. The company’s fifty day simple moving average is $55.77 and its 200-day simple moving average is $43.30.

About iShares Bitcoin Trust

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.