Sunburst Financial Group LLC Invests $283,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Sunburst Financial Group LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, Holdings Channel.com reports. The fund acquired 5,341 shares of the company’s stock, valued at approximately $283,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC raised its stake in iShares Bitcoin Trust by 52.9% in the 4th quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock valued at $35,000 after purchasing an additional 230 shares during the last quarter. Investment Partners Asset Management Inc. grew its holdings in shares of iShares Bitcoin Trust by 11.1% during the fourth quarter. Investment Partners Asset Management Inc. now owns 6,883 shares of the company’s stock worth $365,000 after buying an additional 690 shares in the last quarter. Avestar Capital LLC raised its position in shares of iShares Bitcoin Trust by 25.0% in the fourth quarter. Avestar Capital LLC now owns 83,119 shares of the company’s stock valued at $4,409,000 after buying an additional 16,650 shares during the last quarter. Phraction Management LLC purchased a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at approximately $1,374,000. Finally, Three Bridge Wealth Advisors LLC acquired a new stake in iShares Bitcoin Trust during the fourth quarter worth approximately $229,000.

iShares Bitcoin Trust Stock Down 0.8 %

IBIT stock opened at $54.74 on Friday. The company has a 50 day moving average price of $56.33 and a two-hundred day moving average price of $45.22. iShares Bitcoin Trust has a one year low of $28.23 and a one year 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.