ARS Investment Partners LLC Acquires Shares of 15,200 iShares Bitcoin Trust (NASDAQ:IBIT)

ARS Investment Partners LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, HoldingsChannel reports. The fund acquired 15,200 shares of the company’s stock, valued at approximately $806,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Union Savings Bank bought a new position in iShares Bitcoin Trust during the fourth quarter worth about $25,000. City Holding Co. lifted its holdings in shares of 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 buying an additional 238 shares in the last quarter. Asset Dedication LLC lifted its holdings in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after buying an additional 279 shares in the last quarter. PSI Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth about $30,000. Finally, Glass Jacobson Investment Advisors llc lifted its holdings in shares of iShares Bitcoin Trust by 40.2% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after buying an additional 304 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock opened at $59.62 on Tuesday. The company’s 50-day moving average price is $55.08 and its 200-day moving average price is $42.69. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $61.75.

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.