Black Diamond Financial LLC boosted its position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 15.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,097 shares of the company’s stock after purchasing an additional 1,500 shares during the quarter. Black Diamond Financial LLC’s holdings in iShares Bitcoin Trust were worth $589,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in IBIT. Union Savings Bank bought a new stake in iShares Bitcoin Trust in the 4th quarter valued at $25,000. City Holding Co. boosted its stake in 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 during the period. Stephens Consulting LLC boosted its stake 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 purchasing an additional 189 shares during the period. Crewe Advisors LLC boosted its stake in 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 during the period. Finally, Beacon Capital Management LLC bought a new stake in iShares Bitcoin Trust in the 4th quarter valued at $28,000.
iShares Bitcoin Trust Stock Performance
IBIT opened at $53.94 on Monday. The business has a fifty day simple moving average of $56.07 and a 200 day simple moving average of $46.27. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.
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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