4,141 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Acquired by Advisory Alpha LLC

Advisory Alpha LLC purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 4,141 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Union Savings Bank acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. City Holding Co. lifted its position in shares of iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares during the period. Asset Dedication LLC lifted its position in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the period. PSI Advisors LLC acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $30,000. Finally, Glass Jacobson Investment Advisors llc lifted its position in shares of iShares Bitcoin Trust by 40.2% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after purchasing an additional 304 shares during the period.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $58.79 on Friday. iShares Bitcoin Trust has a 52-week low of $22.57 and a 52-week high of $61.75. The company’s 50 day moving average price is $55.44 and its 200-day moving average price is $43.00.

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.