ARS Investment Partners LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,200 shares of the company’s stock, valued at approximately $806,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of IBIT. Pure Financial Advisors LLC bought a new position in shares of iShares Bitcoin Trust in the fourth quarter worth $320,000. Koshinski Asset Management Inc. grew its position in iShares Bitcoin Trust by 26.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 8,067 shares of the company’s stock valued at $428,000 after acquiring an additional 1,671 shares during the last quarter. Harbor Investment Advisory LLC grew its position in iShares Bitcoin Trust by 53.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 29,848 shares of the company’s stock valued at $1,583,000 after acquiring an additional 10,436 shares during the last quarter. Union Savings Bank bought a new position in iShares Bitcoin Trust in the fourth quarter valued at about $25,000. Finally, Zhang Financial LLC grew its holdings in shares of iShares Bitcoin Trust by 7.9% during the fourth quarter. Zhang Financial LLC now owns 295,872 shares of the company’s stock worth $15,696,000 after purchasing an additional 21,629 shares during the last quarter.
iShares Bitcoin Trust Stock Performance
NASDAQ:IBIT opened at $59.62 on Tuesday. The stock’s 50-day moving average is $55.08 and its 200-day moving average is $42.69. iShares Bitcoin Trust has a 1-year low of $22.02 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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