Sanders Morris Harris LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Sanders Morris Harris LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Glass Jacobson Investment Advisors llc acquired a new position in iShares Bitcoin Trust during the second quarter valued at $26,000. Asset Dedication LLC grew its stake in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares in the last quarter. PSI Advisors LLC acquired a new position in iShares Bitcoin Trust in the 4th quarter valued at approximately $30,000. West Financial Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth about $40,000. Finally, Brown Brothers Harriman & Co. bought a new position in iShares Bitcoin Trust during the second quarter valued at about $43,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT traded down $0.99 during trading hours on Thursday, hitting $55.65. 4,039,240 shares of the stock were exchanged, compared to its average volume of 39,034,520. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $61.75. The company’s 50 day moving average is $54.29 and its 200 day moving average is $42.14.

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.