Fernwood Investment Management LLC Acquires 555 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Fernwood Investment Management LLC increased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,584 shares of the company’s stock after buying an additional 555 shares during the period. Fernwood Investment Management LLC’s holdings in iShares Bitcoin Trust were worth $346,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $609,000. BNP Paribas Financial Markets acquired a new position in iShares Bitcoin Trust in the first quarter valued at about $42,000. FinTrust Capital Advisors LLC acquired a new position in iShares Bitcoin Trust in the first quarter valued at about $26,000. Context Capital Management LLC bought a new position in iShares Bitcoin Trust during the first quarter worth about $17,928,000. Finally, Mutual Advisors LLC acquired a new position in shares of iShares Bitcoin Trust during the 1st quarter worth about $3,343,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ:IBIT traded down $0.41 during mid-day trading on Friday, reaching $39.37. The stock had a trading volume of 49,930,218 shares, compared to its average volume of 30,914,936. The firm has a 50 day simple moving average of $35.82 and a two-hundred day simple moving average of $36.06. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99.

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.