Fortis Capital Management LLC Buys 3,493 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Fortis Capital Management LLC increased its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 38.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,667 shares of the company’s stock after acquiring an additional 3,493 shares during the period. Fortis Capital Management LLC’s holdings in iShares Bitcoin Trust were worth $672,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of IBIT. Union Savings Bank bought a new stake in iShares Bitcoin Trust during the fourth quarter worth about $25,000. Vision Financial Markets LLC bought a new stake in iShares Bitcoin Trust in the fourth quarter valued at approximately $25,000. City Holding Co. raised its stake in iShares Bitcoin Trust by 95.2% in the fourth 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 raised its stake in iShares Bitcoin Trust by 62.8% in the fourth 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. Finally, Crewe Advisors LLC raised its stake 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 buying an additional 302 shares during the period.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $47.70 on Friday. The stock’s 50 day moving average price is $53.33 and its two-hundred day moving average price is $48.19. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-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.