Strategic Financial Concepts LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 37,517 shares of the company’s stock, valued at approximately $1,990,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Union Savings Bank purchased a new stake in iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. City Holding Co. grew its position 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 valued at $26,000 after purchasing an additional 238 shares during the period. Stephens Consulting LLC grew its position in shares of iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the period. Crewe Advisors LLC increased its stake in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC purchased a new position in iShares Bitcoin Trust during the fourth quarter worth about $28,000.
iShares Bitcoin Trust Stock Up 1.1 %
NASDAQ IBIT opened at $55.33 on Tuesday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The company has a 50-day moving average of $56.25 and a 200-day moving average of $45.51.
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.
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