Clear Creek Financial Management LLC Purchases New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Clear Creek Financial Management LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,774 shares of the company’s stock, valued at approximately $465,000.

Several other institutional investors have also added to or reduced their stakes in IBIT. Union Savings Bank purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth approximately $25,000. City Holding Co. increased its stake in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares during the period. PSI Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $30,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of iShares Bitcoin Trust during the fourth quarter valued at $39,000. Finally, New Wave Wealth Advisors LLC bought a new position in shares of iShares Bitcoin Trust in the fourth quarter worth about $43,000.

iShares Bitcoin Trust Trading Down 3.4 %

Shares of IBIT opened at $57.71 on Monday. iShares Bitcoin Trust has a 1-year low of $24.13 and a 1-year high of $61.75. The company has a 50-day moving average of $56.19 and a 200 day moving average of $44.22.

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.