McAdam LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

McAdam LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, Holdings Channel.com reports. The fund purchased 5,973 shares of the company’s stock, valued at approximately $317,000.

Several other institutional investors and hedge funds have also modified their holdings of IBIT. AlphaMark Advisors LLC raised its stake in iShares Bitcoin Trust by 8.9% during the fourth quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock worth $130,000 after acquiring an additional 200 shares in the last quarter. City Holding Co. grew its holdings in shares of iShares Bitcoin Trust by 95.2% during the 4th 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 last quarter. Blue Trust Inc. increased its position in iShares Bitcoin Trust by 5.8% during the 4th quarter. Blue Trust Inc. now owns 4,939 shares of the company’s stock worth $262,000 after purchasing an additional 270 shares in the last quarter. Asset Dedication LLC lifted its stake in iShares Bitcoin Trust by 52.4% in the 3rd 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. Finally, Glass Jacobson Investment Advisors llc boosted its position in iShares Bitcoin Trust by 40.2% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after buying an additional 304 shares in the last quarter.

iShares Bitcoin Trust Stock Down 3.4 %

NASDAQ IBIT opened at $57.71 on Monday. iShares Bitcoin Trust has a fifty-two week low of $24.13 and a fifty-two week high of $61.75. The firm’s fifty day moving average price is $56.19 and its two-hundred day moving average price is $44.22.

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.