Copperwynd Financial LLC Buys New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Copperwynd Financial LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,884 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds also recently made changes to their positions in the company. Catalyst Funds Management Pty Ltd purchased a new position in shares of iShares Bitcoin Trust during the fourth quarter worth about $10,610,000. J. L. Bainbridge & Co. Inc. purchased a new position in shares of iShares Bitcoin Trust during the fourth quarter worth about $221,000. Capital Management Associates NY purchased a new position in shares of iShares Bitcoin Trust during the fourth quarter worth about $1,061,000. First National Trust Co purchased a new position in shares of iShares Bitcoin Trust during the fourth quarter worth about $882,000. Finally, Carret Asset Management LLC purchased a new position in shares of iShares Bitcoin Trust during the fourth quarter worth about $286,000.

iShares Bitcoin Trust Stock Up 5.8 %

Shares of IBIT stock opened at $48.14 on Friday. The stock’s 50-day moving average is $54.02 and its two-hundred day moving average is $47.60. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.

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.