Edge Wealth Management LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,500 shares of the company’s stock, valued at approximately $239,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fermata Advisors LLC grew its holdings in iShares Bitcoin Trust by 346.7% during the 4th quarter. Fermata Advisors LLC now owns 26,277 shares of the company’s stock worth $1,394,000 after acquiring an additional 20,394 shares in the last quarter. Cypress Wealth Services LLC lifted its position in shares of iShares Bitcoin Trust by 67.0% in the 4th quarter. Cypress Wealth Services LLC now owns 12,303 shares of the company’s stock worth $653,000 after purchasing an additional 4,938 shares during the period. Sanders Morris Harris LLC bought a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at approximately $215,000. Mirador Capital Partners LP boosted its stake in shares of iShares Bitcoin Trust by 41.8% during the fourth quarter. Mirador Capital Partners LP now owns 14,262 shares of the company’s stock valued at $757,000 after purchasing an additional 4,205 shares in the last quarter. Finally, Mason & Associates Inc purchased a new position in iShares Bitcoin Trust during the fourth quarter valued at approximately $369,000.
iShares Bitcoin Trust Price Performance
Shares of NASDAQ:IBIT opened at $57.09 on Friday. The firm has a 50 day moving average of $54.56 and a 200 day moving average of $42.24. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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