iShares Bitcoin Trust (NASDAQ:IBIT) Position Boosted by Beacon Financial Group

Beacon Financial Group raised its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 7.3% during the 4th quarter, HoldingsChannel reports. The fund owned 20,383 shares of the company’s stock after purchasing an additional 1,390 shares during the period. Beacon Financial Group’s holdings in iShares Bitcoin Trust were worth $1,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of IBIT. 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 valued at $26,000 after buying an additional 189 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of iShares Bitcoin Trust by 8.9% in the 4th quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock valued at $130,000 after buying an additional 200 shares in the last quarter. City Holding Co. grew its stake 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 valued at $26,000 after buying an additional 238 shares in the last quarter. Blue Trust Inc. grew its stake in shares of iShares Bitcoin Trust by 5.8% in the 4th quarter. Blue Trust Inc. now owns 4,939 shares of the company’s stock valued at $262,000 after buying an additional 270 shares in the last quarter. Finally, Asset Dedication LLC grew its stake in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after buying an additional 279 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $55.16 on Thursday. The business has a 50 day simple moving average of $56.36 and a 200 day simple moving average of $45.15. iShares Bitcoin Trust has a 52 week low of $27.62 and a 52 week 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.