New England Capital Financial Advisors LLC Acquires New Shares in iShares Bitcoin Trust (NASDAQ:IBIT)

New England Capital Financial Advisors LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 611 shares of the company’s stock, valued at approximately $32,000.

Several other hedge funds have also recently modified their holdings of IBIT. Abound Financial LLC purchased a new position in iShares Bitcoin Trust during the fourth quarter valued at approximately $322,000. First Horizon Advisors Inc. increased its holdings in shares of iShares Bitcoin Trust by 59.0% in the 4th quarter. First Horizon Advisors Inc. now owns 4,771 shares of the company’s stock valued at $253,000 after acquiring an additional 1,771 shares during the period. Callan Capital LLC bought a new position in shares of iShares Bitcoin Trust in the 4th quarter worth $204,000. Thompson Davis & CO. Inc. purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth $548,000. Finally, Element Wealth LLC purchased a new position in iShares Bitcoin Trust in the fourth quarter valued at about $248,000.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $53.94 on Friday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The firm has a 50-day simple moving average of $56.07 and a two-hundred day simple moving average of $46.07.

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.