Beacon Pointe Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 26.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,121 shares of the company's stock after purchasing an additional 7,278 shares during the quarter. Beacon Pointe Advisors LLC's holdings in iShares Bitcoin Trust were worth $1,863,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Union Savings Bank bought a new position in iShares Bitcoin Trust during the 4th quarter worth $25,000. Vision Financial Markets LLC acquired a new position in iShares Bitcoin Trust during the 4th quarter valued at about $25,000. City Holding Co. grew its position in iShares Bitcoin Trust by 95.2% in 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 last quarter. Stephens Consulting LLC raised its holdings in shares of iShares Bitcoin Trust by 62.8% during 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 last quarter. Finally, Crewe Advisors LLC boosted its position in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock worth $27,000 after buying an additional 302 shares during the period.
iShares Bitcoin Trust Stock Up 0.4 %
IBIT traded up $0.24 during trading hours on Friday, hitting $55.19. The company's stock had a trading volume of 43,282,599 shares, compared to its average volume of 45,728,766. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The company has a 50-day simple moving average of $48.86 and a 200 day simple moving average of $51.29.
iShares Bitcoin Trust Company Profile
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Free Report)
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.
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