GFG Capital LLC Acquires Shares of 7,228 iShares Bitcoin Trust (NASDAQ:IBIT)

GFG Capital LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,228 shares of the company’s stock, valued at approximately $383,000.

A number of other large investors also recently modified their holdings of IBIT. Truist Financial Corp boosted its holdings in shares of iShares Bitcoin Trust by 17.2% in the 2nd quarter. Truist Financial Corp now owns 9,801 shares of the company’s stock valued at $335,000 after buying an additional 1,436 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at $392,000. Creative Planning boosted its holdings in shares of iShares Bitcoin Trust by 0.9% in the 3rd quarter. Creative Planning now owns 186,104 shares of the company’s stock valued at $6,724,000 after buying an additional 1,632 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at $89,000. Finally, Asset Dedication LLC boosted its holdings in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after buying an additional 279 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of iShares Bitcoin Trust stock opened at $54.74 on Friday. The company has a fifty day simple moving average of $56.33 and a 200-day simple moving average of $45.22. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month 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.