First Horizon Advisors Inc. Acquires Shares of 3,000 iShares Bitcoin Trust (NASDAQ:IBIT)

First Horizon Advisors Inc. bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,000 shares of the company’s stock, valued at approximately $108,000.

Other institutional investors have also modified their holdings of the company. Glass Jacobson Investment Advisors llc purchased a new position in iShares Bitcoin Trust in the 2nd quarter valued at $26,000. Asset Dedication LLC increased its stake 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 acquiring an additional 279 shares during the period. Creekmur Asset Management LLC purchased a new position in iShares Bitcoin Trust during the first quarter worth about $30,000. International Assets Investment Management LLC acquired a new stake in iShares Bitcoin Trust in the second quarter valued at about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares Bitcoin Trust in the 2nd quarter valued at approximately $36,000.

iShares Bitcoin Trust Trading Up 1.1 %

NASDAQ IBIT opened at $56.49 on Friday. The business’s 50 day moving average is $40.50 and its two-hundred day moving average is $37.42. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $56.86.

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.