FineMark National Bank & Trust Acquires Shares of 10,138 iShares Bitcoin Trust (NASDAQ:IBIT)

FineMark National Bank & Trust bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,138 shares of the company’s stock, valued at approximately $538,000.

Other hedge funds have also made changes to their positions in the company. Union Savings Bank bought a new position in iShares Bitcoin Trust in the 4th quarter valued at $25,000. Vision Financial Markets LLC bought a new position in shares of iShares Bitcoin Trust in the fourth quarter valued at about $25,000. City Holding Co. lifted its position in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares in the last quarter. Stephens Consulting LLC grew its holdings in iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC increased its position in iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after acquiring an additional 302 shares in the last quarter.

iShares Bitcoin Trust Stock Down 1.9 %

Shares of NASDAQ IBIT opened at $49.18 on Thursday. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The company has a 50-day moving average of $53.03 and a two-hundred day moving average of $48.56.

About iShares Bitcoin Trust

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.