Logan Stone Capital LLC raised its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,035,315 shares of the company's stock after purchasing an additional 49,393 shares during the quarter. iShares Bitcoin Trust accounts for about 18.4% of Logan Stone Capital LLC's investment portfolio, making the stock its biggest holding. Logan Stone Capital LLC owned 0.10% of iShares Bitcoin Trust worth $54,923,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of IBIT. Union Savings Bank purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter worth approximately $25,000. City Holding Co. boosted its holdings in shares of iShares Bitcoin Trust by 95.2% in 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 last quarter. Stephens Consulting LLC boosted its holdings in shares of iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after buying an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in 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 acquiring an additional 302 shares during the period.
iShares Bitcoin Trust Price Performance
NASDAQ IBIT traded up $0.53 on Friday, reaching $59.20. 37,014,984 shares of the stock were exchanged, compared to its average volume of 44,674,402. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The company's 50-day simple moving average is $50.61 and its two-hundred day simple moving average is $52.55.
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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