Thompson Davis & CO. Inc. Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Thompson Davis & CO. Inc. bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,323 shares of the company’s stock, valued at approximately $548,000.

Several other hedge funds have also recently modified their holdings of IBIT. Union Savings Bank bought a new position in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $25,000. City Holding Co. lifted its position in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares in the last quarter. Stephens Consulting LLC lifted its position in shares of iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after buying an additional 302 shares in the last quarter. Finally, Beacon Capital Management LLC bought a new position in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $28,000.

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock opened at $53.94 on Friday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The company’s 50 day moving average price is $56.15 and its two-hundred day moving average price is $45.91.

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.