Kellett Wealth Advisors LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Kellett Wealth Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,148 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently bought and sold shares of the company. Union Savings Bank acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at approximately $25,000. City Holding Co. raised its holdings in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the period. Stephens Consulting LLC lifted its stake in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after buying an additional 189 shares in the last quarter. Crewe Advisors LLC increased its position in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after acquiring an additional 302 shares in the last quarter. Finally, Beacon Capital Management LLC acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $28,000.

iShares Bitcoin Trust Stock Down 6.3 %

IBIT opened at $50.03 on Wednesday. The firm’s fifty day simple moving average is $55.72 and its 200 day simple moving average is $46.52. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75.

iShares Bitcoin Trust Company 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.