NewEdge Wealth LLC Has $6.71 Million Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

NewEdge Wealth LLC raised its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 161.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,437 shares of the company’s stock after acquiring an additional 78,038 shares during the period. NewEdge Wealth LLC’s holdings in iShares Bitcoin Trust were worth $6,708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stephens Consulting LLC raised its holdings in iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in iShares Bitcoin Trust by 8.9% in the 4th quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock valued at $130,000 after acquiring an additional 200 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of iShares Bitcoin Trust by 52.9% during the 4th quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock worth $35,000 after buying an additional 230 shares in the last quarter. City Holding Co. raised its holdings in shares of iShares Bitcoin Trust by 95.2% during the 4th 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. Finally, Blue Trust Inc. raised its holdings in shares of iShares Bitcoin Trust by 5.8% during the 4th quarter. Blue Trust Inc. now owns 4,939 shares of the company’s stock worth $262,000 after buying an additional 270 shares in the last quarter.

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock opened at $47.35 on Friday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The stock has a fifty day moving average of $55.39 and a 200-day moving average of $46.53.

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.