Summit Trail Advisors LLC Acquires 22,021 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Summit Trail Advisors LLC raised its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 30.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,693 shares of the company’s stock after purchasing an additional 22,021 shares during the quarter. Summit Trail Advisors LLC’s holdings in iShares Bitcoin Trust were worth $5,023,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of IBIT. Truist Financial Corp increased its position in iShares Bitcoin Trust by 17.2% during the 2nd quarter. Truist Financial Corp now owns 9,801 shares of the company’s stock valued at $335,000 after purchasing an additional 1,436 shares during the period. Sanctuary Advisors LLC purchased a new stake in iShares Bitcoin Trust during the 2nd quarter worth approximately $392,000. Dynamic Advisor Solutions LLC acquired a new stake in iShares Bitcoin Trust during the 3rd quarter valued at approximately $247,000. CWM LLC lifted its stake in iShares Bitcoin Trust by 126.4% during the 3rd quarter. CWM LLC now owns 79,775 shares of the company’s stock valued at $2,882,000 after acquiring an additional 44,539 shares during the period. Finally, Oxler Private Wealth LLC lifted its stake in iShares Bitcoin Trust by 1.6% during the 3rd quarter. Oxler Private Wealth LLC now owns 472,943 shares of the company’s stock valued at $17,087,000 after acquiring an additional 7,465 shares during the period.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $55.38 on Tuesday. iShares Bitcoin Trust has a 12 month low of $27.51 and a 12 month high of $61.75. The company has a 50 day simple moving average of $56.35 and a two-hundred day simple moving average of $44.91.

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.