Gilbert & Cook Inc. Grows Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Gilbert & Cook Inc. boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 10.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,864 shares of the company’s stock after acquiring an additional 1,438 shares during the period. Gilbert & Cook Inc.’s holdings in iShares Bitcoin Trust were worth $842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of IBIT. Union Savings Bank bought a new position in iShares Bitcoin Trust during the fourth quarter valued at $25,000. City Holding Co. lifted its holdings 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 acquiring an additional 238 shares during the last quarter. Asset Dedication LLC grew its position in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares in the last quarter. PSI Advisors LLC bought a new stake in iShares Bitcoin Trust during the fourth quarter worth approximately $30,000. Finally, Glass Jacobson Investment Advisors llc raised its position in iShares Bitcoin Trust by 40.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after purchasing an additional 304 shares during the period.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock traded up $0.51 on Thursday, reaching $59.85. The company had a trading volume of 2,807,511 shares, compared to its average volume of 46,905,609. The firm’s 50-day moving average price is $55.98 and its two-hundred day moving average price is $43.80. iShares Bitcoin Trust has a 1 year low of $24.13 and a 1 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.