Baring Financial LLC Takes $1.21 Million Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Baring Financial LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,790 shares of the company’s stock, valued at approximately $1,209,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of IBIT. VanderPol Investments L.L.C. purchased a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth approximately $205,000. Strategic Blueprint LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter worth $446,000. Masso Torrence Wealth Management Inc. lifted its stake in shares of iShares Bitcoin Trust by 5.1% in the 4th quarter. Masso Torrence Wealth Management Inc. now owns 10,505 shares of the company’s stock worth $557,000 after acquiring an additional 506 shares during the period. Asset Dedication LLC boosted its holdings in shares of iShares Bitcoin Trust by 73.6% in the fourth quarter. Asset Dedication LLC now owns 1,408 shares of the company’s stock valued at $75,000 after acquiring an additional 597 shares in the last quarter. Finally, Kennedy Investment Group purchased a new position in iShares Bitcoin Trust during the fourth quarter worth about $299,000.

iShares Bitcoin Trust Stock Up 3.1 %

Shares of IBIT opened at $59.34 on Thursday. The stock’s 50 day moving average is $55.98 and its two-hundred day moving average is $43.80. iShares Bitcoin Trust has a twelve month low of $24.13 and a twelve month 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.