iShares Bitcoin Trust (NASDAQ:IBIT) is Aristides Capital LLC’s 2nd Largest Position

Aristides Capital LLC boosted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 399.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 514,498 shares of the company’s stock after purchasing an additional 411,578 shares during the quarter. iShares Bitcoin Trust makes up 5.6% of Aristides Capital LLC’s portfolio, making the stock its 2nd biggest holding. Aristides Capital LLC owned approximately 0.08% of iShares Bitcoin Trust worth $27,294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vision Financial Markets LLC purchased a new stake in iShares Bitcoin Trust during the fourth quarter worth approximately $25,000. Union Savings Bank purchased a new position in iShares Bitcoin Trust in the 4th quarter valued at about $25,000. City Holding Co. boosted its position in iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after buying an additional 238 shares during the last quarter. Stephens Consulting LLC grew its stake in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC increased its position in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after acquiring an additional 302 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $47.71 on Friday. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The business has a 50 day moving average price of $51.45 and a two-hundred day moving average price of $49.29.

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.