J. L. Bainbridge & Co. Inc. acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,163 shares of the company’s stock, valued at approximately $221,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Union Savings Bank purchased a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at $25,000. City Holding Co. raised its holdings in shares of iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC raised its holdings in shares of iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC raised its holdings in shares of 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 purchasing an additional 302 shares in the last quarter.
iShares Bitcoin Trust Stock Performance
Shares of IBIT opened at $48.14 on Friday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The firm’s fifty day simple moving average is $54.02 and its 200-day simple moving average is $47.60.
iShares Bitcoin Trust 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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