BlueChip Wealth Advisors LLC lifted its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 119.3% during the fourth quarter, Holdings Channel reports. The firm owned 15,217 shares of the company’s stock after acquiring an additional 8,279 shares during the quarter. BlueChip Wealth Advisors LLC’s holdings in iShares Bitcoin Trust were worth $807,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in IBIT. Vision Financial Markets LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter worth approximately $25,000. Union Savings Bank acquired a new stake in shares of iShares Bitcoin Trust in the fourth quarter valued at approximately $25,000. City Holding Co. boosted 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 valued at $26,000 after acquiring an additional 238 shares during the period. Stephens Consulting LLC grew its position in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after acquiring an additional 302 shares during the period.
iShares Bitcoin Trust Trading Down 3.8 %
IBIT stock opened at $47.56 on Friday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The company has a fifty day moving average price of $52.64 and a 200 day moving average price of $48.68.
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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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