64,128 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Purchased by Spahn Wealth & Retirement LLC

Spahn Wealth & Retirement LLC bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 64,128 shares of the company’s stock, valued at approximately $3,402,000. iShares Bitcoin Trust accounts for 2.2% of Spahn Wealth & Retirement LLC’s investment portfolio, making the stock its 17th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Arete Wealth Advisors LLC boosted its position in shares of iShares Bitcoin Trust by 67.3% during the fourth quarter. Arete Wealth Advisors LLC now owns 23,131 shares of the company’s stock worth $1,229,000 after buying an additional 9,304 shares during the period. World Investment Advisors boosted its position in iShares Bitcoin Trust by 126.2% during the 4th quarter. World Investment Advisors now owns 26,886 shares of the company’s stock worth $1,426,000 after acquiring an additional 14,998 shares during the period. Nicolet Advisory Services LLC bought a new position in shares of iShares Bitcoin Trust in the fourth quarter worth $228,000. Rangeley Capital LLC acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at $464,000. Finally, OneAscent Financial Services LLC bought a new stake in shares of iShares Bitcoin Trust during the fourth quarter valued at about $837,000.

iShares Bitcoin Trust Trading Up 2.3 %

Shares of IBIT opened at $49.41 on Thursday. The firm has a 50-day moving average price of $51.94 and a 200 day moving average price of $49.10. 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.