Eaton Financial Holdings Company LLC Invests $3.54 Million in iShares Bitcoin Trust (NASDAQ:IBIT)

Eaton Financial Holdings Company LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 66,738 shares of the company’s stock, valued at approximately $3,540,000. iShares Bitcoin Trust comprises approximately 1.4% of Eaton Financial Holdings Company LLC’s holdings, making the stock its 21st biggest holding.

Other large investors also recently modified their holdings of the company. Vienna Asset Management LLC increased its position in shares of iShares Bitcoin Trust by 131.6% during the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after purchasing an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC bought a new stake in shares of iShares Bitcoin Trust during the third quarter valued at approximately $656,000. Andina Capital Management LLC increased its position in shares of iShares Bitcoin Trust by 131.0% during the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock valued at $910,000 after purchasing an additional 9,728 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of iShares Bitcoin Trust by 32.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after purchasing an additional 9,266 shares during the period. Finally, Mutual Advisors LLC increased its position in shares of iShares Bitcoin Trust by 65.8% during the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after purchasing an additional 62,338 shares during the period.

iShares Bitcoin Trust Stock Performance

IBIT opened at $48.14 on Monday. The stock’s 50 day simple moving average is $54.02 and its 200-day simple moving average is $47.78. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.

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.