4,030 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Bought by Spire Wealth Management

Spire Wealth Management acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, HoldingsChannel reports. The fund acquired 4,030 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors also recently modified their holdings of the company. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth $25,000. City Holding Co. boosted its position in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after acquiring an additional 238 shares during the last quarter. Asset Dedication LLC boosted its position in iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares during the last quarter. PSI Advisors LLC bought a new stake in iShares Bitcoin Trust during the fourth quarter valued at $30,000. Finally, Glass Jacobson Investment Advisors llc boosted its position 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 valued at $38,000 after acquiring an additional 304 shares during the last quarter.

iShares Bitcoin Trust Stock Down 1.2 %

Shares of IBIT opened at $54.47 on Friday. The firm’s fifty day simple moving average is $56.36 and its two-hundred day simple moving average is $44.70. iShares Bitcoin Trust has a 12 month low of $25.64 and a 12 month high of $61.75.

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.