Verus Capital Partners LLC Invests $341,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Verus Capital Partners LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, HoldingsChannel reports. The fund purchased 6,419 shares of the company’s stock, valued at approximately $341,000.

A number of other institutional investors have also modified their holdings of IBIT. Union Savings Bank purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at about $25,000. City Holding Co. raised its stake in shares of 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 buying an additional 238 shares during the last quarter. Stephens Consulting LLC raised its stake in shares of iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after buying an additional 189 shares during the last quarter. Crewe Advisors LLC raised its stake in shares of iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after buying an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at about $28,000.

iShares Bitcoin Trust Trading Up 1.2 %

NASDAQ IBIT opened at $47.90 on Friday. The stock has a 50-day simple moving average of $55.25 and a two-hundred day simple moving average of $46.72. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week 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.