Beacon Capital Management LLC Makes New $28,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Beacon Capital Management LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, Holdings Channel reports. The firm bought 520 shares of the company’s stock, valued at approximately $28,000.

A number of other institutional investors have also recently bought and sold shares of IBIT. Union Savings Bank acquired a new stake in iShares Bitcoin Trust during the 4th quarter worth $25,000. City Holding Co. grew its holdings in shares of iShares Bitcoin Trust by 95.2% in 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 grew its holdings in shares of iShares Bitcoin Trust by 62.8% in 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 shares of iShares Bitcoin Trust by 151.0% in the 4th 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 period. Finally, PSI Advisors LLC bought a new stake in iShares Bitcoin Trust in the 4th quarter valued at $30,000.

iShares Bitcoin Trust Stock Up 1.1 %

IBIT opened at $55.33 on Monday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The firm’s fifty day simple moving average is $56.25 and its 200 day simple moving average is $45.51.

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.