Leo Wealth LLC Purchases Shares of 11,894 iShares Bitcoin Trust (NASDAQ:IBIT)

Leo Wealth LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 11,894 shares of the company’s stock, valued at approximately $631,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Encompass Wealth Advisors LLC purchased a new position in iShares Bitcoin Trust in the fourth quarter valued at $361,000. Consolidated Portfolio Review Corp purchased a new stake in iShares Bitcoin Trust during the fourth quarter worth approximately $343,000. Citrine Capital LLC purchased a new position in iShares Bitcoin Trust in the fourth quarter valued at approximately $325,000. Rik Saylor Financial Inc. acquired a new stake in iShares Bitcoin Trust during the fourth quarter worth approximately $2,690,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $44,000.

iShares Bitcoin Trust Trading Down 1.2 %

Shares of NASDAQ:IBIT opened at $54.47 on Friday. iShares Bitcoin Trust has a 12 month low of $25.64 and a 12 month high of $61.75. The company’s fifty day moving average price is $56.36 and its 200 day moving average price is $44.70.

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.