Kestra Investment Management LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,077 shares of the company’s stock, valued at approximately $110,000.
Other institutional investors have also bought and sold shares of the company. Atria Wealth Solutions Inc. bought a new position in iShares Bitcoin Trust in the 4th quarter valued at $724,000. Empower Advisory Group LLC raised its position in iShares Bitcoin Trust by 32.4% in the 4th quarter. Empower Advisory Group LLC now owns 42,015 shares of the company’s stock valued at $2,229,000 after purchasing an additional 10,285 shares during the last quarter. Truist Financial Corp raised its position in iShares Bitcoin Trust by 60.7% in the 4th quarter. Truist Financial Corp now owns 21,865 shares of the company’s stock valued at $1,160,000 after purchasing an additional 8,255 shares during the last quarter. Cutler Investment Counsel LLC bought a new position in iShares Bitcoin Trust in the 4th quarter valued at $220,000. Finally, NTV Asset Management LLC raised its position in iShares Bitcoin Trust by 40.1% in the 4th quarter. NTV Asset Management LLC now owns 206,618 shares of the company’s stock valued at $10,961,000 after purchasing an additional 59,129 shares during the last quarter.
iShares Bitcoin Trust Trading Up 2.5 %
Shares of IBIT opened at $55.99 on Friday. The stock has a fifty day moving average price of $56.15 and a two-hundred day moving average price of $45.91. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75.
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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