First United Bank & Trust lifted its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 12.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 26,495 shares of the company’s stock after acquiring an additional 2,985 shares during the period. First United Bank & Trust’s holdings in iShares Bitcoin Trust were worth $1,406,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. ARS Investment Partners LLC purchased a new position in iShares Bitcoin Trust in the 4th quarter worth $806,000. Pure Financial Advisors LLC purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter worth about $320,000. Koshinski Asset Management Inc. lifted its holdings in shares of iShares Bitcoin Trust by 26.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 8,067 shares of the company’s stock worth $428,000 after purchasing an additional 1,671 shares during the period. Harbor Investment Advisory LLC boosted its position in iShares Bitcoin Trust by 53.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 29,848 shares of the company’s stock valued at $1,583,000 after buying an additional 10,436 shares during the last quarter. Finally, Union Savings Bank acquired a new position in iShares Bitcoin Trust in the 4th quarter worth approximately $25,000.
iShares Bitcoin Trust Price Performance
IBIT opened at $59.62 on Tuesday. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $61.75. The firm has a 50 day moving average of $55.08 and a two-hundred day moving average of $42.69.
iShares Bitcoin Trust 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.
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