4,072 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Purchased by Strategic Advocates LLC

Strategic Advocates LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,072 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds also recently modified their holdings of the company. Union Savings Bank acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $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 worth $26,000 after buying an additional 238 shares during the period. Asset Dedication LLC boosted its stake in iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after buying an additional 279 shares during the last quarter. PSI Advisors LLC acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at about $30,000. Finally, Glass Jacobson Investment Advisors llc lifted its holdings in shares of iShares Bitcoin Trust by 40.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after acquiring an additional 304 shares during the period.

iShares Bitcoin Trust Stock Up 0.6 %

Shares of IBIT stock opened at $59.72 on Friday. The company has a 50 day moving average price of $56.09 and a 200 day moving average price of $43.91. iShares Bitcoin Trust has a one year low of $24.13 and a one year 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.