66,096 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Purchased by Heirloom Wealth Management

Heirloom Wealth Management bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 66,096 shares of the company’s stock, valued at approximately $3,506,000. iShares Bitcoin Trust makes up about 1.1% of Heirloom Wealth Management’s investment portfolio, making the stock its 23rd biggest position.

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of iShares Bitcoin Trust by 42.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock valued at $3,704,000 after acquiring an additional 32,416 shares during the period. Renaissance Technologies LLC acquired a new stake in iShares Bitcoin Trust in the 2nd quarter valued at approximately $505,000. Thrivent Financial for Lutherans raised its position in iShares Bitcoin Trust by 12.7% in the second quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company’s stock valued at $529,000 after purchasing an additional 1,748 shares during the period. Bank of Montreal Can lifted its stake in iShares Bitcoin Trust by 0.5% during the second quarter. Bank of Montreal Can now owns 134,332 shares of the company’s stock worth $4,586,000 after purchasing an additional 723 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of iShares Bitcoin Trust during the second quarter worth $3,581,000.

iShares Bitcoin Trust Stock Up 1.5 %

Shares of NASDAQ IBIT opened at $59.70 on Monday. The stock has a fifty day simple moving average of $55.77 and a 200-day simple moving average of $43.38. iShares Bitcoin Trust has a twelve month low of $22.58 and a twelve 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.