Embree Financial Group Makes New $278,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Embree Financial Group acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,244 shares of the company’s stock, valued at approximately $278,000.

Several other large investors also recently modified their holdings of IBIT. Avaii Wealth Management LLC bought a new stake in iShares Bitcoin Trust during the fourth quarter valued at $333,000. Park Edge Advisors LLC boosted its position in shares of iShares Bitcoin Trust by 2.6% during the 4th quarter. Park Edge Advisors LLC now owns 79,225 shares of the company’s stock valued at $4,203,000 after purchasing an additional 2,043 shares in the last quarter. Regency Capital Management Inc. DE bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $532,000. Andina Capital Management LLC grew its stake in iShares Bitcoin Trust by 131.0% during the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock worth $910,000 after purchasing an additional 9,728 shares during the period. Finally, AlphaMark Advisors LLC increased its holdings in iShares Bitcoin Trust by 8.9% in the fourth quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock worth $130,000 after purchasing an additional 200 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

iShares Bitcoin Trust stock opened at $59.70 on Friday. iShares Bitcoin Trust has a 52-week low of $22.58 and a 52-week high of $61.75. The stock’s 50 day moving average price is $55.77 and its two-hundred day moving average price is $43.38.

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.