Newbridge Financial Services Group Inc. Increases Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Newbridge Financial Services Group Inc. boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 11.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,636 shares of the company’s stock after purchasing an additional 868 shares during the period. Newbridge Financial Services Group Inc.’s holdings in iShares Bitcoin Trust were worth $458,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of IBIT. Union Savings Bank bought a new position in shares of iShares Bitcoin Trust in the 4th quarter worth $25,000. City Holding Co. grew its stake in 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. Stephens Consulting LLC increased its holdings 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. Crewe Advisors LLC grew its position in iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after purchasing an additional 302 shares during the period. Finally, Asset Dedication LLC lifted its holdings in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares during the period.

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock opened at $54.47 on Friday. iShares Bitcoin Trust has a 1 year low of $25.64 and a 1 year high of $61.75. The company’s fifty day moving average price is $56.35 and its 200 day moving average price is $44.80.

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.