Hurley Capital LLC Invests $902,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Hurley Capital LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,117 shares of the company’s stock, valued at approximately $902,000.

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 iShares Bitcoin Trust during the 4th quarter valued at $25,000. Vision Financial Markets LLC purchased a new position in iShares Bitcoin Trust in the 4th quarter worth about $25,000. City Holding Co. lifted its stake 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 acquiring an additional 238 shares during the period. Stephens Consulting LLC boosted its holdings in shares of 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 acquiring an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC grew its stake in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after acquiring an additional 302 shares during the period.

iShares Bitcoin Trust Price Performance

IBIT opened at $47.71 on Friday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The firm has a 50 day moving average price of $51.45 and a 200-day moving average price of $49.18.

iShares Bitcoin Trust Company 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.