HBW Advisory Services LLC Takes $239,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

HBW Advisory Services LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,502 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds have also modified their holdings of IBIT. Asset Dedication LLC boosted its position in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the last quarter. Glass Jacobson Investment Advisors llc boosted its holdings in iShares Bitcoin Trust by 40.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after purchasing an additional 304 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in iShares Bitcoin Trust by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 88,837 shares of the company’s stock valued at $4,713,000 after purchasing an additional 320 shares in the last quarter. Doliver Advisors LP increased its stake in iShares Bitcoin Trust by 4.9% in the 3rd quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock valued at $273,000 after buying an additional 350 shares during the last quarter. Finally, Summit Global Investments lifted its position in iShares Bitcoin Trust by 3.3% during the 3rd quarter. Summit Global Investments now owns 11,214 shares of the company’s stock worth $405,000 after buying an additional 355 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

iShares Bitcoin Trust stock opened at $53.84 on Friday. The firm has a 50-day moving average of $53.42 and a 200-day moving average of $41.71. iShares Bitcoin Trust has a one year low of $22.02 and a one year 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.