Patriot Investment Management Group Inc. Has $5.05 Million Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Patriot Investment Management Group Inc. lifted its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 759.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 95,115 shares of the company’s stock after purchasing an additional 84,050 shares during the period. Patriot Investment Management Group Inc.’s holdings in iShares Bitcoin Trust were worth $5,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Union Savings Bank acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $25,000. City Holding Co. raised its holdings in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares during the period. Asset Dedication LLC boosted its position in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares in the last quarter. PSI Advisors LLC bought a new position in shares of iShares Bitcoin Trust during the fourth quarter worth $30,000. Finally, Glass Jacobson Investment Advisors llc grew its holdings in shares of iShares Bitcoin Trust by 40.2% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after buying an additional 304 shares during the period.

iShares Bitcoin Trust Stock Performance

IBIT opened at $58.79 on Friday. The company has a fifty day simple moving average of $55.44 and a 200 day simple moving average of $43.00. iShares Bitcoin Trust has a 12 month low of $22.57 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.