Sound View Wealth Advisors Group LLC increased its position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 19.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,738 shares of the company’s stock after purchasing an additional 1,751 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in iShares Bitcoin Trust were worth $570,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new position in iShares Bitcoin Trust in the fourth quarter worth $25,000. City Holding Co. boosted its holdings in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares during the period. Stephens Consulting LLC increased its stake in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC raised its holdings 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 during the period.
iShares Bitcoin Trust Stock Down 2.4 %
NASDAQ IBIT opened at $49.43 on Monday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The company has a 50-day simple moving average of $54.78 and a 200-day simple moving average of $47.38.
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.
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