First National Trust Co purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 16,618 shares of the company’s stock, valued at approximately $882,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vision Financial Markets LLC acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $25,000. Union Savings Bank acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $25,000. City Holding Co. grew its position 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 worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC grew its position 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 purchasing an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC grew its position in shares of 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 purchasing an additional 302 shares in the last quarter.
iShares Bitcoin Trust Stock Performance
Shares of NASDAQ:IBIT opened at $48.14 on Friday. The company’s 50 day moving average price is $54.02 and its two-hundred day moving average price is $47.60. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month 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.
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