M Holdings Securities Inc. Boosts Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

M Holdings Securities Inc. raised its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 19.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 17,442 shares of the company’s stock after buying an additional 2,840 shares during the period. M Holdings Securities Inc.’s holdings in iShares Bitcoin Trust were worth $925,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Union Savings Bank purchased a new position in iShares Bitcoin Trust during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at approximately $25,000. City Holding Co. lifted its stake 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 valued at $26,000 after purchasing an additional 238 shares during the period. Stephens Consulting LLC boosted its holdings in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC boosted its holdings in iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after buying an additional 302 shares in the last quarter.

iShares Bitcoin Trust Stock Up 1.3 %

IBIT opened at $48.28 on Tuesday. The company has a fifty day moving average of $49.55 and a two-hundred day moving average of $49.83. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75.

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.