Smith Anglin Financial LLC Grows Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Smith Anglin Financial LLC boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 94.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,545 shares of the company’s stock after purchasing an additional 6,108 shares during the period. Smith Anglin Financial LLC’s holdings in iShares Bitcoin Trust were worth $666,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Glass Jacobson Investment Advisors llc purchased a new stake in iShares Bitcoin Trust during the second quarter worth $26,000. Asset Dedication LLC boosted its holdings in iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after buying an additional 279 shares in the last quarter. PSI Advisors LLC purchased a new stake in iShares Bitcoin Trust during the fourth quarter worth $30,000. West Financial Advisors LLC acquired a new position in iShares Bitcoin Trust during the third quarter worth $40,000. Finally, Brown Brothers Harriman & Co. acquired a new position in iShares Bitcoin Trust during the second quarter worth $43,000.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $56.25 on Wednesday. The company has a fifty day moving average of $54.03 and a two-hundred day moving average of $42.03. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week 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.