West Michigan Advisors LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,314 shares of the company’s stock, valued at approximately $229,000.
Other hedge funds also recently modified their holdings of the company. US Bancorp DE boosted its position in iShares Bitcoin Trust by 24.4% during the fourth quarter. US Bancorp DE now owns 257,282 shares of the company’s stock valued at $13,649,000 after purchasing an additional 50,519 shares during the last quarter. WR Wealth Planners LLC raised its stake in shares of iShares Bitcoin Trust by 63.7% during the 4th quarter. WR Wealth Planners LLC now owns 1,974 shares of the company’s stock worth $105,000 after purchasing an additional 768 shares in the last quarter. Maripau Wealth Management LLC boosted its holdings in shares of iShares Bitcoin Trust by 47.6% in the 4th quarter. Maripau Wealth Management LLC now owns 63,847 shares of the company’s stock valued at $3,387,000 after buying an additional 20,585 shares during the last quarter. SVB Wealth LLC bought a new position in shares of iShares Bitcoin Trust in the fourth quarter valued at $2,574,000. Finally, Roanoke Asset Management Corp NY bought a new position in shares of iShares Bitcoin Trust in the fourth quarter valued at $229,000.
iShares Bitcoin Trust Stock Up 1.2 %
NASDAQ IBIT opened at $47.90 on Friday. The firm’s fifty day moving average price is $55.25 and its two-hundred day moving average price is $46.72. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year 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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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