iShares Bitcoin Trust (NASDAQ:IBIT) Shares Acquired by Wesbanco Bank Inc.

Wesbanco Bank Inc. boosted its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 0.6% during the 4th quarter, HoldingsChannel reports. The firm owned 99,645 shares of the company’s stock after buying an additional 638 shares during the quarter. Wesbanco Bank Inc.’s holdings in iShares Bitcoin Trust were worth $5,286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC bought a new stake in iShares Bitcoin Trust in the 4th quarter valued at about $49,000. Evolution Wealth Advisors LLC lifted its position in iShares Bitcoin Trust by 44.7% in the 4th quarter. Evolution Wealth Advisors LLC now owns 176,780 shares of the company’s stock valued at $9,378,000 after purchasing an additional 54,651 shares during the last quarter. Magnus Financial Group LLC lifted its position in iShares Bitcoin Trust by 3,168.0% in the 4th quarter. Magnus Financial Group LLC now owns 340,888 shares of the company’s stock valued at $18,084,000 after purchasing an additional 330,457 shares during the last quarter. Advisory Alpha LLC bought a new stake in iShares Bitcoin Trust in the 4th quarter valued at about $220,000. Finally, AFG Fiduciary Services Limited Partnership bought a new stake in iShares Bitcoin Trust in the 4th quarter valued at about $446,000.

iShares Bitcoin Trust Stock Performance

IBIT stock opened at $59.38 on Thursday. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $61.75. The firm’s 50-day moving average is $55.27 and its two-hundred day moving average is $42.89.

iShares Bitcoin Trust Company 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.