Alliance Wealth Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,807 shares of the company’s stock, valued at approximately $202,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Union Savings Bank purchased a new position in iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. City Holding Co. boosted its position in iShares Bitcoin Trust by 95.2% during the 4th 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 period. Stephens Consulting LLC boosted its position in iShares Bitcoin Trust by 62.8% during the 4th 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 period. Crewe Advisors LLC grew its holdings 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 acquiring an additional 302 shares during the last quarter. Finally, Asset Dedication LLC increased its position in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares during the period.
iShares Bitcoin Trust Trading Down 1.2 %
iShares Bitcoin Trust stock opened at $54.47 on Friday. iShares Bitcoin Trust has a 1-year low of $25.64 and a 1-year high of $61.75. The firm has a 50-day moving average of $56.35 and a 200-day moving average of $44.80.
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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