10,838 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,838 shares of the company’s stock, valued at approximately $575,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Union Savings Bank bought a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $25,000. City Holding Co. increased its holdings 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 purchasing an additional 238 shares during the period. Stephens Consulting LLC increased 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 worth $26,000 after purchasing an additional 189 shares during the period. Crewe Advisors LLC increased its holdings in shares of iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after purchasing an additional 302 shares during the period. Finally, Beacon Capital Management LLC bought a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $28,000.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $54.65 on Thursday. The firm’s 50-day moving average is $56.17 and its 200-day moving average is $45.84. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75.

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.