Monolith Management Ltd trimmed its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 513,869 shares of the company's stock after selling 89,431 shares during the period. iShares Bitcoin Trust accounts for approximately 14.2% of Monolith Management Ltd's investment portfolio, making the stock its biggest position. Monolith Management Ltd owned approximately 0.08% of iShares Bitcoin Trust worth $27,261,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Union Savings Bank acquired a new stake in iShares Bitcoin Trust in the 4th quarter valued at 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. lifted its position 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 valued at $26,000 after buying an additional 238 shares during the last quarter. 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 acquiring an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after acquiring an additional 302 shares during the period.
iShares Bitcoin Trust Trading Up 0.1 %
IBIT stock traded up $0.06 during midday trading on Tuesday, reaching $53.94. 18,292,318 shares of the company were exchanged, compared to its average volume of 45,645,051. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The business has a 50-day moving average price of $48.77 and a two-hundred day moving average price of $50.92.
iShares Bitcoin Trust Profile
(
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.
Recommended Stories
Before you consider iShares Bitcoin Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iShares Bitcoin Trust wasn't on the list.
While iShares Bitcoin Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
