Foundations Investment Advisors LLC grew its position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 17.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 297,600 shares of the company’s stock after buying an additional 44,809 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares Bitcoin Trust were worth $15,788,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Union Savings Bank acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. grew its stake in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares during the period. Asset Dedication LLC grew its stake in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the period. PSI Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $30,000. Finally, Glass Jacobson Investment Advisors llc grew its stake in shares of iShares Bitcoin Trust by 40.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after purchasing an additional 304 shares during the period.
iShares Bitcoin Trust Price Performance
NASDAQ:IBIT opened at $57.17 on Monday. iShares Bitcoin Trust has a 1 year low of $23.88 and a 1 year high of $61.75. The stock has a 50-day moving average price of $55.77 and a two-hundred day moving average price of $43.38.
iShares Bitcoin Trust Company 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.
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