iShares Bitcoin Trust (NASDAQ:IBIT) Shares Purchased by Private Wealth Management Group LLC

Private Wealth Management Group LLC boosted its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 260.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,491 shares of the company’s stock after acquiring an additional 1,800 shares during the period. Private Wealth Management Group LLC’s holdings in iShares Bitcoin Trust were worth $132,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IBIT. Union Savings Bank purchased a new position in iShares Bitcoin Trust in the fourth quarter valued at $25,000. City Holding Co. raised its position in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC lifted its stake in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares during the last quarter. Crewe Advisors LLC boosted its holdings in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares in the last quarter. Finally, PSI Advisors LLC purchased a new position in iShares Bitcoin Trust in the fourth quarter valued at approximately $30,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ:IBIT opened at $55.33 on Thursday. The firm has a 50 day simple moving average of $56.35 and a 200-day simple moving average of $44.55. iShares Bitcoin Trust has a twelve month low of $24.45 and a twelve month 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.