Tucker Asset Management LLC Grows Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Tucker Asset Management LLC raised its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 10.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,805 shares of the company’s stock after purchasing an additional 375 shares during the period. Tucker Asset Management LLC’s holdings in iShares Bitcoin Trust were worth $202,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. OneAscent Wealth Management LLC lifted its holdings in iShares Bitcoin Trust by 9.6% during the fourth quarter. OneAscent Wealth Management LLC now owns 7,263 shares of the company’s stock worth $385,000 after buying an additional 635 shares during the period. Maridea Wealth Management LLC acquired a new stake in iShares Bitcoin Trust in the fourth quarter valued at approximately $1,264,000. Orion Portfolio Solutions LLC grew its holdings in iShares Bitcoin Trust by 49.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 12,087 shares of the company’s stock worth $641,000 after purchasing an additional 3,986 shares during the last quarter. X Square Capital LLC increased its position in shares of iShares Bitcoin Trust by 19.6% during the fourth quarter. X Square Capital LLC now owns 267,240 shares of the company’s stock worth $14,177,000 after purchasing an additional 43,844 shares in the last quarter. Finally, Hippocratic Financial Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at $238,000.

iShares Bitcoin Trust Trading Down 3.8 %

Shares of NASDAQ IBIT opened at $47.56 on Friday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The business’s 50 day moving average price is $52.64 and its 200 day moving average price is $48.68.

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.