Allworth Financial LP Has $1.35 Million Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Allworth Financial LP grew its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 34.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,459 shares of the company’s stock after acquiring an additional 6,460 shares during the period. Allworth Financial LP’s holdings in iShares Bitcoin Trust were worth $1,351,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Union Savings Bank bought a new position in iShares Bitcoin Trust in the fourth quarter valued at approximately $25,000. City Holding Co. boosted 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 buying an additional 238 shares during the last quarter. Stephens Consulting LLC grew its stake in shares of 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 buying an additional 189 shares in the last quarter. Crewe Advisors LLC increased 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 during the last quarter. Finally, Beacon Capital Management LLC bought a new stake in iShares Bitcoin Trust during the fourth quarter worth $28,000.

iShares Bitcoin Trust Trading Down 3.3 %

Shares of IBIT stock opened at $53.51 on Wednesday. The company has a fifty day moving average price of $56.26 and a two-hundred day moving average price of $45.65. iShares Bitcoin Trust has a one year low of $28.23 and a one year 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.