Csenge Advisory Group Makes New $569,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Csenge Advisory Group bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,054 shares of the company’s stock, valued at approximately $569,000.

Other institutional investors also recently modified their holdings of the company. FinTrust Capital Advisors LLC bought a new position in shares of iShares Bitcoin Trust in the first quarter worth about $26,000. Sound Income Strategies LLC bought a new position in shares of iShares Bitcoin Trust in the first quarter worth about $30,000. Hazlett Burt & Watson Inc. bought a new stake in shares of iShares Bitcoin Trust during the first quarter worth approximately $40,000. Salem Investment Counselors Inc. bought a new stake in shares of iShares Bitcoin Trust during the first quarter worth approximately $41,000. Finally, Bfsg LLC bought a new stake in shares of iShares Bitcoin Trust during the first quarter worth approximately $41,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT traded up $0.27 on Thursday, reaching $32.94. 17,565,477 shares of the company’s stock were exchanged, compared to its average volume of 31,712,537. The stock’s 50 day simple moving average is $36.83. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $41.99.

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.