Commerce Bank Grows Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Commerce Bank increased its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 22.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,414 shares of the company’s stock after purchasing an additional 8,246 shares during the period. Commerce Bank’s holdings in iShares Bitcoin Trust were worth $2,409,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IBIT. Union Savings Bank purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at about $25,000. Vision Financial Markets LLC purchased a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at approximately $25,000. City Holding Co. boosted its position 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 worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC grew its stake in shares of 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 buying an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC increased its position in iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after buying an additional 302 shares in the last quarter.

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock opened at $49.72 on Tuesday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The business’s fifty day simple moving average is $48.91 and its two-hundred day simple moving average is $50.29.

iShares Bitcoin Trust Company 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.