AssuredPartners Investment Advisors LLC Invests $944,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

AssuredPartners Investment Advisors LLC bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 17,794 shares of the company’s stock, valued at approximately $944,000.

Other hedge funds have also recently bought and sold shares of the company. Union Savings Bank acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at about $25,000. Vision Financial Markets LLC acquired a new stake in iShares Bitcoin Trust during the fourth quarter worth about $25,000. City Holding Co. increased its stake in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after acquiring an additional 238 shares during the period. Stephens Consulting LLC raised its holdings in iShares Bitcoin Trust by 62.8% in the 4th 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. Finally, Crewe Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 151.0% in the 4th 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.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT opened at $49.44 on Friday. The business’s 50 day moving average is $52.88 and its 200-day moving average is $48.57. 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.