Ycg LLC Purchases Shares of 6,984 iShares Bitcoin Trust (NASDAQ:IBIT)

Ycg LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 6,984 shares of the company’s stock, valued at approximately $371,000.

A number of other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in shares of iShares Bitcoin Trust by 34.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 16,239 shares of the company’s stock valued at $861,000 after buying an additional 4,186 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of iShares Bitcoin Trust by 32.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 41,070 shares of the company’s stock valued at $2,179,000 after buying an additional 10,046 shares during the last quarter. HighTower Advisors LLC grew its position in shares of iShares Bitcoin Trust by 62.0% in the 4th quarter. HighTower Advisors LLC now owns 295,612 shares of the company’s stock valued at $15,682,000 after buying an additional 113,167 shares during the last quarter. Moors & Cabot Inc. grew its position in shares of iShares Bitcoin Trust by 13.7% in the 4th quarter. Moors & Cabot Inc. now owns 134,009 shares of the company’s stock valued at $7,109,000 after buying an additional 16,141 shares during the last quarter. Finally, Cascade Financial Partners LLC acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at about $262,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT opened at $47.24 on Wednesday. The business’s 50-day moving average is $54.49 and its 200-day moving average is $47.53. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.

About iShares Bitcoin Trust

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.