Clay Northam Wealth Management LLC Increases Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Clay Northam Wealth Management LLC raised its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 24.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,925 shares of the company’s stock after purchasing an additional 2,330 shares during the quarter. Clay Northam Wealth Management LLC’s holdings in iShares Bitcoin Trust were worth $633,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Optas LLC purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter worth $227,000. Fiduciary Planning LLC bought a new stake in iShares Bitcoin Trust in the 4th quarter worth about $793,000. Panoramic Investment Advisors LLC raised its position in iShares Bitcoin Trust by 3.0% in the 4th quarter. Panoramic Investment Advisors LLC now owns 52,213 shares of the company’s stock worth $2,770,000 after buying an additional 1,497 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in iShares Bitcoin Trust by 22.2% during the 4th quarter. Princeton Global Asset Management LLC now owns 4,818 shares of the company’s stock valued at $256,000 after acquiring an additional 875 shares during the period. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust by 43,033.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 2,588 shares of the company’s stock valued at $137,000 after acquiring an additional 2,582 shares during the last quarter.

iShares Bitcoin Trust Trading Down 0.2 %

Shares of IBIT stock opened at $57.58 on Tuesday. The company has a 50 day moving average price of $56.19 and a 200-day moving average price of $44.27. iShares Bitcoin Trust has a 52 week low of $24.13 and a 52 week 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.