Crewe Advisors LLC Buys 302 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Crewe Advisors LLC lifted its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 151.0% during the fourth quarter, Holdings Channel reports. The fund owned 502 shares of the company’s stock after acquiring an additional 302 shares during the quarter. Crewe Advisors LLC’s holdings in iShares Bitcoin Trust were worth $27,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in IBIT. Union Savings Bank bought a new position in iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. City Holding Co. increased its position in iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the period. Stephens Consulting LLC increased its position in iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares during the period. PSI Advisors LLC bought a new position in iShares Bitcoin Trust in the 4th quarter worth approximately $30,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in iShares Bitcoin Trust in the 4th quarter worth approximately $39,000.

iShares Bitcoin Trust Stock Down 0.4 %

Shares of NASDAQ IBIT opened at $55.12 on Friday. The business’s 50 day moving average is $56.36 and its two-hundred day moving average is $44.62. iShares Bitcoin Trust has a 12 month low of $24.49 and a 12 month high of $61.75.

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.