Freestone Capital Holdings LLC Grows Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Freestone Capital Holdings LLC increased its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 133.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 28,125 shares of the company’s stock after purchasing an additional 16,103 shares during the quarter. Freestone Capital Holdings LLC’s holdings in iShares Bitcoin Trust were worth $1,492,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of IBIT. Vision Financial Markets LLC bought a new stake in iShares Bitcoin Trust during the fourth quarter valued at about $25,000. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth about $25,000. City Holding Co. grew its position in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC grew its position in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC grew its position in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after acquiring an additional 302 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ:IBIT opened at $50.64 on Friday. The business has a 50 day simple moving average of $54.87 and a two-hundred day simple moving average of $47.09. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.

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.