Key Client Fiduciary Advisors LLC Acquires 8,522 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Key Client Fiduciary Advisors LLC grew its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 132.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,974 shares of the company’s stock after purchasing an additional 8,522 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in iShares Bitcoin Trust were worth $794,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of IBIT. Envestnet Asset Management Inc. raised its stake in iShares Bitcoin Trust by 42.6% in the second quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock worth $3,704,000 after buying an additional 32,416 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at $505,000. Thrivent Financial for Lutherans increased its holdings in shares of iShares Bitcoin Trust by 12.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company’s stock valued at $529,000 after acquiring an additional 1,748 shares during the period. 1832 Asset Management L.P. bought a new position in shares of iShares Bitcoin Trust in the 2nd quarter worth $216,000. Finally, Bank of Montreal Can lifted its stake in shares of iShares Bitcoin Trust by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 134,332 shares of the company’s stock worth $4,586,000 after purchasing an additional 723 shares during the last quarter.

iShares Bitcoin Trust Stock Down 1.0 %

Shares of IBIT stock opened at $58.79 on Friday. The stock’s 50-day moving average is $55.44 and its 200 day moving average is $43.00. iShares Bitcoin Trust has a 1-year low of $22.57 and a 1-year high of $61.75.

iShares Bitcoin Trust 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.