Sageworth Trust Co Acquires 3,202 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Sageworth Trust Co raised its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 21.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,903 shares of the company’s stock after acquiring an additional 3,202 shares during the quarter. Sageworth Trust Co’s holdings in iShares Bitcoin Trust were worth $647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FinTrust Capital Advisors LLC bought a new position in shares of iShares Bitcoin Trust during the first quarter worth $26,000. Glass Jacobson Investment Advisors llc bought a new position in shares of iShares Bitcoin Trust during the second quarter worth $26,000. Asset Dedication LLC boosted its position in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of iShares Bitcoin Trust during the first quarter worth $30,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of iShares Bitcoin Trust during the first quarter worth $30,000.

iShares Bitcoin Trust Trading Down 2.2 %

Shares of NASDAQ:IBIT traded down $0.86 during midday trading on Friday, reaching $38.01. 51,745,568 shares of the company were exchanged, compared to its average volume of 30,353,623. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99. The stock has a fifty day simple moving average of $35.27 and a two-hundred day simple moving average of $36.00.

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.