Lifestyle Asset Management Inc. Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Lifestyle Asset Management Inc. acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,272 shares of the company’s stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Union Savings Bank purchased a new stake in iShares Bitcoin Trust in the fourth quarter worth about $25,000. City Holding Co. grew its stake 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 valued at $26,000 after acquiring an additional 238 shares during the period. PSI Advisors LLC purchased a new stake in iShares Bitcoin Trust in the 4th quarter worth approximately $30,000. Asset Dedication LLC raised its stake in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the period. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in iShares Bitcoin Trust during the fourth quarter valued at approximately $49,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $58.79 on Friday. iShares Bitcoin Trust has a 1 year low of $22.57 and a 1 year high of $61.75. The firm has a fifty day moving average price of $55.44 and a 200-day moving average price of $43.00.

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.