Udine Wealth Management Inc. Has $2.93 Million Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Udine Wealth Management Inc. lifted its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,216 shares of the company’s stock after buying an additional 927 shares during the period. iShares Bitcoin Trust comprises 1.9% of Udine Wealth Management Inc.’s holdings, making the stock its 12th largest position. Udine Wealth Management Inc.’s holdings in iShares Bitcoin Trust were worth $2,929,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Asset Dedication LLC raised its position in iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares in the last quarter. PSI Advisors LLC acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $30,000. Glass Jacobson Investment Advisors llc raised its holdings in shares of iShares Bitcoin Trust by 40.2% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after purchasing an additional 304 shares during the period. West Financial Advisors LLC acquired a new stake in iShares Bitcoin Trust in the 3rd quarter valued at about $40,000. Finally, Hollencrest Capital Management grew its holdings in iShares Bitcoin Trust by 256.7% during the second quarter. Hollencrest Capital Management now owns 1,327 shares of the company’s stock worth $45,000 after purchasing an additional 955 shares during the period.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $59.62 on Friday. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $61.75. The business’s 50 day moving average price is $54.88 and its two-hundred day moving average price is $42.45.

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.