Lauer Wealth LLC Makes New $337,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Lauer Wealth LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,350 shares of the company’s stock, valued at approximately $337,000. iShares Bitcoin Trust comprises 0.2% of Lauer Wealth LLC’s holdings, making the stock its 29th largest position.

Several other hedge funds have also recently modified their holdings of IBIT. Glass Jacobson Investment Advisors llc purchased a new stake in shares of iShares Bitcoin Trust during the second quarter valued at approximately $26,000. Asset Dedication LLC grew its stake in iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares during the period. PSI Advisors LLC bought a new position in iShares Bitcoin Trust in the 4th quarter valued at $30,000. West Financial Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at $40,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth $43,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT opened at $57.09 on Friday. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $61.75. The company’s 50-day moving average is $54.56 and its 200 day moving average is $42.24.

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.