Physician Wealth Advisors Inc. Invests $125,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Physician Wealth Advisors Inc. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 2,352 shares of the company’s stock, valued at approximately $125,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new stake in iShares Bitcoin Trust in the fourth quarter worth about $25,000. Union Savings Bank purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth approximately $25,000. City Holding Co. lifted 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 worth $26,000 after acquiring an additional 238 shares during the last quarter. Stephens Consulting LLC boosted its holdings in 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 acquiring an additional 189 shares during the period. Finally, Crewe Advisors LLC boosted its holdings in 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 acquiring an additional 302 shares during the period.

iShares Bitcoin Trust Trading Down 3.8 %

IBIT stock opened at $47.56 on Monday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The business’s fifty day simple moving average is $52.64 and its two-hundred day simple moving average is $48.90.

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.