Banque Pictet & Cie SA Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Banque Pictet & Cie SA purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the company’s stock, valued at approximately $530,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Union Savings Bank bought a new position in iShares Bitcoin Trust in the fourth quarter valued at approximately $25,000. City Holding Co. increased its stake in iShares Bitcoin Trust by 95.2% in the fourth 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. Stephens Consulting LLC increased its stake in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares during the last quarter. Crewe Advisors LLC increased its stake in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after acquiring an additional 302 shares during the last quarter. Finally, PSI Advisors LLC bought a new position in iShares Bitcoin Trust in the fourth quarter valued at approximately $30,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT opened at $55.33 on Friday. The company’s 50 day simple moving average is $56.25 and its 200 day simple moving average is $45.46. iShares Bitcoin Trust has a 1 year low of $28.23 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.