Transcend Capital Advisors LLC Acquires 44,338 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Transcend Capital Advisors LLC boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 90.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,543 shares of the company’s stock after acquiring an additional 44,338 shares during the quarter. Transcend Capital Advisors LLC’s holdings in iShares Bitcoin Trust were worth $4,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Union Savings Bank acquired a new stake in shares of iShares Bitcoin Trust in the fourth quarter valued at approximately $25,000. City Holding Co. increased its stake in shares of 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 period. Stephens Consulting LLC raised its position 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 worth $26,000 after acquiring an additional 189 shares during the last quarter. Crewe Advisors LLC lifted its stake 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 valued at $27,000 after acquiring an additional 302 shares during the period. Finally, Beacon Capital Management LLC bought a new position in iShares Bitcoin Trust in the fourth quarter valued at about $28,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT opened at $55.99 on Friday. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The business has a 50-day moving average price of $56.15 and a two-hundred day moving average price of $45.91.

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.