KCM Investment Advisors LLC Takes $614,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

KCM Investment Advisors LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,565 shares of the company’s stock, valued at approximately $614,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stephens Consulting LLC boosted its stake in iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares during the period. AlphaMark Advisors LLC boosted its position in shares of iShares Bitcoin Trust by 8.9% in the fourth quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock worth $130,000 after buying an additional 200 shares during the period. Pathway Financial Advisers LLC grew its holdings in shares of iShares Bitcoin Trust by 52.9% during the fourth quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock valued at $35,000 after buying an additional 230 shares in the last quarter. SouthState Corp lifted its stake in iShares Bitcoin Trust by 5.5% in the 4th quarter. SouthState Corp now owns 4,411 shares of the company’s stock worth $234,000 after acquiring an additional 230 shares in the last quarter. Finally, Mosley Wealth Management boosted its position in iShares Bitcoin Trust by 2.5% during the 4th quarter. Mosley Wealth Management now owns 9,341 shares of the company’s stock worth $496,000 after acquiring an additional 231 shares during the period.

iShares Bitcoin Trust Trading Up 2.4 %

Shares of IBIT opened at $47.71 on Monday. The business’s 50-day moving average is $51.45 and its 200-day moving average is $49.39. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week 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.