Wealthcare Advisory Partners LLC bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,106 shares of the company’s stock, valued at approximately $483,000.
Several other institutional investors have also added to or reduced their stakes in the company. Asset Dedication LLC increased its position in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares in the last quarter. PSI Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $30,000. Glass Jacobson Investment Advisors llc grew its stake in iShares Bitcoin Trust by 40.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after purchasing an additional 304 shares during the period. West Financial Advisors LLC bought a new position in iShares Bitcoin Trust during the third quarter worth $40,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in iShares Bitcoin Trust by 569.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,487 shares of the company’s stock valued at $54,000 after acquiring an additional 1,265 shares during the period.
iShares Bitcoin Trust Price Performance
NASDAQ:IBIT opened at $59.62 on Tuesday. The firm has a 50-day moving average of $55.08 and a 200-day moving average of $42.69. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $61.75.
iShares Bitcoin Trust Company 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.
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