Griffin Asset Management Inc. Buys New Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Griffin Asset Management Inc. purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,894 shares of the company’s stock, valued at approximately $1,108,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. City Holding Co. grew its holdings 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 last quarter. PSI Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the fourth quarter valued at $30,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in iShares Bitcoin Trust during the fourth quarter valued at about $39,000. Finally, Asset Dedication LLC boosted its stake in iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the period.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock opened at $57.85 on Tuesday. The stock has a 50-day moving average price of $55.77 and a 200 day moving average price of $43.45. iShares Bitcoin Trust has a 1 year low of $23.88 and a 1 year 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.