Lifestyle Asset Management Inc. Buys Shares of 5,272 iShares Bitcoin Trust (NASDAQ:IBIT)

Lifestyle Asset Management Inc. purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,272 shares of the company’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Union Savings Bank purchased a new position in iShares Bitcoin Trust in the 4th quarter worth about $25,000. City Holding Co. grew its stake in shares of iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after acquiring an additional 238 shares during the period. Asset Dedication LLC raised its holdings in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares during the last quarter. PSI Advisors LLC bought a new position in iShares Bitcoin Trust during the fourth quarter valued at approximately $30,000. Finally, Glass Jacobson Investment Advisors llc boosted its holdings in iShares Bitcoin Trust by 40.2% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after purchasing an additional 304 shares during the last quarter.

iShares Bitcoin Trust Trading Down 1.0 %

Shares of IBIT opened at $58.79 on Friday. iShares Bitcoin Trust has a 1-year low of $22.57 and a 1-year high of $61.75. The firm has a fifty day simple moving average of $55.44 and a two-hundred day simple moving average of $43.00.

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.