Compass Capital Corp MA ADV purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,231 shares of the company’s stock, valued at approximately $2,184,000.
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 shares of iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. boosted its position in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC boosted its position in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares in the last quarter. Crewe Advisors LLC boosted its position in shares of 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 purchasing an additional 302 shares in the last quarter. Finally, Beacon Capital Management LLC bought a new position in shares of iShares Bitcoin Trust during the fourth quarter worth $28,000.
iShares Bitcoin Trust Price Performance
Shares of NASDAQ IBIT opened at $55.99 on Friday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The company’s fifty day moving average is $56.15 and its 200-day moving average is $45.91.
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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