US Bancorp DE Buys 50,519 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

US Bancorp DE boosted its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 24.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,282 shares of the company’s stock after acquiring an additional 50,519 shares during the quarter. US Bancorp DE’s holdings in iShares Bitcoin Trust were worth $13,649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Union Savings Bank bought a new stake in iShares Bitcoin Trust during the 4th quarter worth about $25,000. City Holding Co. lifted its position in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares in the last quarter. Stephens Consulting LLC lifted its position in iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares in the last quarter. Crewe Advisors LLC increased its stake in shares of iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after purchasing an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $28,000.

iShares Bitcoin Trust Stock Performance

iShares Bitcoin Trust stock opened at $48.90 on Tuesday. The company’s 50-day moving average is $55.17 and its 200-day moving average is $46.93. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week 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.