Encompass Wealth Advisors LLC Takes $361,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Encompass Wealth Advisors LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,808 shares of the company’s stock, valued at approximately $361,000.

A number of other large investors have also recently bought and sold shares of IBIT. Union Savings Bank acquired a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $25,000. City Holding Co. grew its stake in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the last quarter. Stephens Consulting LLC increased its position in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares during the period. Crewe Advisors LLC lifted its stake in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after buying an additional 302 shares during the last quarter. Finally, Asset Dedication LLC boosted its holdings 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 valued at $29,000 after acquiring an additional 279 shares during the period.

iShares Bitcoin Trust Stock Performance

iShares Bitcoin Trust stock opened at $55.12 on Friday. iShares Bitcoin Trust has a one year low of $24.49 and a one year high of $61.75. The company has a 50-day simple moving average of $56.36 and a 200-day simple moving average of $44.62.

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.