Mission Wealth Management LP Makes New $308,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Mission Wealth Management LP acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,805 shares of the company’s stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBIT. Union Savings Bank purchased a new stake in shares of iShares Bitcoin Trust during the fourth quarter valued at approximately $25,000. City Holding Co. grew its holdings in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after buying an additional 238 shares during the last quarter. Stephens Consulting LLC grew its holdings 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 valued at $26,000 after buying an additional 189 shares during the last quarter. Crewe Advisors LLC grew its holdings in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after buying an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC purchased a new stake in shares of iShares Bitcoin Trust during the fourth quarter valued at approximately $28,000.

iShares Bitcoin Trust Trading Up 4.2 %

NASDAQ:IBIT opened at $51.44 on Thursday. The company’s 50 day moving average price is $54.94 and its 200-day moving average price is $47.06. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week 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.