Freestone Capital Holdings LLC Takes $302,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Freestone Capital Holdings LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,450 shares of the company’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FinTrust Capital Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust in the 1st quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $30,000. Hazlett Burt & Watson Inc. acquired a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $40,000. Bfsg LLC acquired a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $41,000. Finally, Salem Investment Counselors Inc. acquired a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $41,000.

iShares Bitcoin Trust Stock Up 5.3 %

iShares Bitcoin Trust stock traded up $1.96 during mid-day trading on Friday, reaching $38.79. 28,993,204 shares of the company’s stock were exchanged, compared to its average volume of 31,493,543. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99. The stock’s fifty day simple moving average is $37.01.

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.