Fiduciary Alliance LLC Raises Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Fiduciary Alliance LLC boosted its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 10.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 243,311 shares of the company’s stock after buying an additional 23,138 shares during the quarter. iShares Bitcoin Trust comprises 1.3% of Fiduciary Alliance LLC’s holdings, making the stock its 12th largest holding. Fiduciary Alliance LLC’s holdings in iShares Bitcoin Trust were worth $12,908,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Glass Jacobson Investment Advisors llc purchased a new position in shares of iShares Bitcoin Trust during the second quarter valued at approximately $26,000. Asset Dedication LLC lifted 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. West Financial Advisors LLC purchased a new position in shares of iShares Bitcoin Trust during the third quarter valued at approximately $40,000. Brown Brothers Harriman & Co. purchased a new position in shares of iShares Bitcoin Trust during the second quarter valued at approximately $43,000. Finally, Hollencrest Capital Management lifted its holdings in shares of iShares Bitcoin Trust by 256.7% during the second quarter. Hollencrest Capital Management now owns 1,327 shares of the company’s stock valued at $45,000 after purchasing an additional 955 shares during the last quarter.

iShares Bitcoin Trust Price Performance

Shares of IBIT traded down $1.36 on Monday, hitting $52.48. 19,931,657 shares of the stock traded hands, compared to its average volume of 40,869,234. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $61.75. The business has a 50 day simple moving average of $53.42 and a 200 day simple moving average of $41.76.

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.