Tectonic Advisors LLC Invests $229,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Tectonic Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,313 shares of the company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Union Savings Bank acquired a new stake in iShares Bitcoin Trust in the fourth quarter worth about $25,000. City Holding Co. grew its position in shares of 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 period. Stephens Consulting LLC raised its stake in shares of iShares Bitcoin Trust by 62.8% during 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 last quarter. Asset Dedication LLC lifted its holdings in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after buying an additional 279 shares during the period. Finally, PSI Advisors LLC acquired a new position in iShares Bitcoin Trust in the fourth quarter valued at approximately $30,000.

iShares Bitcoin Trust Stock Down 0.4 %

IBIT opened at $55.12 on Friday. The company has a fifty day moving average price of $56.36 and a two-hundred day moving average price of $44.62. iShares Bitcoin Trust has a 52 week low of $24.49 and a 52 week high of $61.75.

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.