Horizon Investments LLC Grows Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Horizon Investments LLC grew its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 982,896.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,749 shares of the company’s stock after acquiring an additional 245,724 shares during the period. Horizon Investments LLC’s holdings in iShares Bitcoin Trust were worth $13,037,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IBIT. Stephens Consulting LLC lifted its holdings in shares of iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares during the period. AlphaMark Advisors LLC raised its holdings in shares of iShares Bitcoin Trust by 8.9% in the fourth 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 lifted its stake in iShares Bitcoin Trust by 52.9% in the fourth quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock worth $35,000 after acquiring an additional 230 shares during the period. SouthState Corp grew its holdings in iShares Bitcoin Trust by 5.5% during the 4th quarter. SouthState Corp now owns 4,411 shares of the company’s stock worth $234,000 after acquiring an additional 230 shares in the last quarter. Finally, City Holding Co. grew its holdings in 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 acquiring an additional 238 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $48.06 on Tuesday. The firm has a 50-day simple moving average of $53.82 and a 200-day simple moving average of $47.88. iShares Bitcoin Trust has a one year low of $28.23 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.