Phraction Management LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 25,902 shares of the company’s stock, valued at approximately $1,374,000. iShares Bitcoin Trust makes up approximately 0.5% of Phraction Management LLC’s investment portfolio, making the stock its 28th biggest position.
Other institutional investors have also bought and sold shares of the company. Union Savings Bank purchased a new position in iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. City Holding Co. lifted its stake in iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC lifted its stake in 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 purchasing an additional 189 shares in the last quarter. Crewe Advisors LLC lifted its stake in iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after purchasing an additional 302 shares in the last quarter. Finally, Asset Dedication LLC lifted 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 purchasing an additional 279 shares in the last quarter.
iShares Bitcoin Trust Stock Up 1.9 %
IBIT stock opened at $55.16 on Thursday. The firm’s 50 day moving average price is $56.36 and its 200-day moving average price is $45.15. iShares Bitcoin Trust has a one year low of $27.62 and a one year 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.
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