Powell Investment Advisors LLC raised its stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 79.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,154 shares of the company’s stock after acquiring an additional 6,709 shares during the period. Powell Investment Advisors LLC’s holdings in iShares Bitcoin Trust were worth $804,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Union Savings Bank bought a new position in shares of iShares Bitcoin Trust in the fourth quarter worth $25,000. City Holding Co. grew its stake in 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 buying an additional 238 shares in the last quarter. Stephens Consulting LLC increased its holdings in 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 buying an additional 189 shares during the period. Crewe Advisors LLC raised its position 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 buying an additional 302 shares in the last quarter. Finally, PSI Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $30,000.
iShares Bitcoin Trust Price Performance
Shares of NASDAQ:IBIT opened at $54.47 on Monday. iShares Bitcoin Trust has a 1 year low of $25.64 and a 1 year high of $61.75. The company’s 50 day simple moving average is $56.35 and its 200 day simple moving average is $44.86.
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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