First Horizon Advisors Inc. increased its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 59.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,771 shares of the company’s stock after acquiring an additional 1,771 shares during the period. First Horizon Advisors Inc.’s holdings in iShares Bitcoin Trust were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in IBIT. Union Savings Bank acquired a new stake in iShares Bitcoin Trust during the 4th quarter worth approximately $25,000. City Holding Co. lifted 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 worth $26,000 after acquiring an additional 238 shares during the period. Stephens Consulting LLC boosted its holdings in shares of iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. Crewe Advisors LLC increased 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 worth $27,000 after acquiring an additional 302 shares during the period. Finally, Beacon Capital Management LLC acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter worth about $28,000.
iShares Bitcoin Trust Stock Performance
Shares of NASDAQ:IBIT opened at $50.03 on Wednesday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The company has a 50-day moving average price of $55.94 and a 200 day moving average price of $46.41.
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.
Read More
- Five stocks we like better than iShares Bitcoin Trust
- How to start investing in penny stocks
- Nebius Slides Post-Earnings: A Long-Term Buy Opportunity?
- How to Capture the Benefits of Dividend Increases
- NVIDIA Stock: A Market Barometer in Tech’s Turbulent Times
- What is the Hang Seng index?
- Palantir Stock Nears Bear Market Territory – Why and What’s Next?
Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
Receive News & Ratings for iShares Bitcoin Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Bitcoin Trust and related companies with MarketBeat.com's FREE daily email newsletter.
