K.J. Harrison & Partners Inc purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 37,360 shares of the company’s stock, valued at approximately $2,069,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Union Savings Bank purchased a new stake in iShares Bitcoin Trust in the fourth quarter worth about $25,000. City Holding Co. grew its stake in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after acquiring an additional 238 shares during the period. Stephens Consulting LLC grew its stake 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 valued at $26,000 after acquiring an additional 189 shares during the period. Crewe Advisors LLC increased its holdings in iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after acquiring an additional 302 shares in the last quarter. Finally, Beacon Capital Management LLC bought a new stake in iShares Bitcoin Trust during the 4th quarter worth approximately $28,000.
iShares Bitcoin Trust Stock Performance
Shares of IBIT stock opened at $47.96 on Thursday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The company’s fifty day moving average price is $55.54 and its 200-day moving average price is $46.53.
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.
Further Reading
- Five stocks we like better than iShares Bitcoin Trust
- The Risks of Owning Bonds
- Buffett’s on the Sidelines – Should You Follow?
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- AST SpaceMobile Stock Surges 17% After Analyst Upgrade
- Compound Interest and Why It Matters When Investing
- 3 Stocks With Triple-Digit PEs That Are Still Worth a Look
Receive News & Ratings for iShares Bitcoin Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Bitcoin Trust and related companies with MarketBeat.com's FREE daily email newsletter.
