Oakworth Capital Inc. Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Oakworth Capital Inc. purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 826 shares of the company’s stock, valued at approximately $44,000.

Other hedge funds also recently made changes to their positions in the company. Stephens Consulting LLC increased 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 purchasing an additional 189 shares during the period. AlphaMark Advisors LLC boosted its stake in shares of iShares Bitcoin Trust by 8.9% in the 4th quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock valued at $130,000 after purchasing an additional 200 shares during the last quarter. City Holding Co. increased its position in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the period. Blue Trust Inc. raised its stake in iShares Bitcoin Trust by 5.8% during the fourth quarter. Blue Trust Inc. now owns 4,939 shares of the company’s stock worth $262,000 after buying an additional 270 shares during the last quarter. Finally, Asset Dedication LLC lifted its holdings in 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 buying an additional 279 shares during the period.

iShares Bitcoin Trust Stock Down 0.4 %

Shares of IBIT opened at $55.12 on Friday. The firm’s fifty day simple moving average is $56.36 and its two-hundred day simple moving average is $44.62. iShares Bitcoin Trust has a 12 month low of $24.49 and a 12 month high of $61.75.

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.