Horrell Capital Management Inc. Purchases 681 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Horrell Capital Management Inc. lifted its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 66.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,699 shares of the company’s stock after acquiring an additional 681 shares during the quarter. Horrell Capital Management Inc.’s holdings in iShares Bitcoin Trust were worth $90,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Horizon Advisors Inc. purchased a new position in iShares Bitcoin Trust during the 3rd quarter valued at about $108,000. Nwam LLC purchased a new position in iShares Bitcoin Trust during the third quarter valued at approximately $334,000. Great Valley Advisor Group Inc. bought a new position in iShares Bitcoin Trust in the third quarter worth approximately $206,000. Cerity Partners LLC lifted its holdings in iShares Bitcoin Trust by 51.9% during the third quarter. Cerity Partners LLC now owns 188,505 shares of the company’s stock worth $6,811,000 after buying an additional 64,396 shares during the period. Finally, Kingsview Wealth Management LLC lifted its holdings in iShares Bitcoin Trust by 7.0% during the third quarter. Kingsview Wealth Management LLC now owns 42,502 shares of the company’s stock worth $1,536,000 after buying an additional 2,764 shares during the period.

iShares Bitcoin Trust Trading Down 0.3 %

Shares of NASDAQ:IBIT opened at $47.70 on Monday. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75. The business’s fifty day simple moving average is $53.33 and its 200-day simple moving average is $48.29.

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.