Pure Portfolios Holdings LLC Increases Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Pure Portfolios Holdings LLC increased its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,578 shares of the company’s stock after acquiring an additional 2,125 shares during the period. iShares Bitcoin Trust makes up about 1.5% of Pure Portfolios Holdings LLC’s portfolio, making the stock its 19th biggest holding. Pure Portfolios Holdings LLC’s holdings in iShares Bitcoin Trust were worth $3,956,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Union Savings Bank purchased a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at $25,000. City Holding Co. lifted its position in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 238 shares during the period. Stephens Consulting LLC boosted its holdings 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 purchasing an additional 189 shares during the last quarter. Crewe Advisors LLC grew its position in iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after purchasing an additional 302 shares during the period. Finally, Beacon Capital Management LLC purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at about $28,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $55.33 on Monday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The business has a 50-day simple moving average of $56.25 and a 200-day simple moving average of $45.51.

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.