Sageworth Trust Co Purchases 13,045 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Sageworth Trust Co raised its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 72.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,948 shares of the company’s stock after purchasing an additional 13,045 shares during the period. Sageworth Trust Co’s holdings in iShares Bitcoin Trust were worth $1,642,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Dock Street Asset Management Inc. purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at about $403,000. Barrett & Company Inc. bought a new position in iShares Bitcoin Trust during the fourth quarter valued at approximately $146,000. Golden State Wealth Management LLC purchased a new position in shares of iShares Bitcoin Trust during the fourth quarter worth approximately $359,000. Archer Investment Corp lifted its holdings in shares of iShares Bitcoin Trust by 25.4% in the 4th quarter. Archer Investment Corp now owns 20,713 shares of the company’s stock worth $1,099,000 after acquiring an additional 4,192 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at $1,990,000.

iShares Bitcoin Trust Stock Down 1.2 %

IBIT stock opened at $54.47 on Friday. The firm’s fifty day moving average is $56.36 and its 200 day moving average is $44.70. iShares Bitcoin Trust has a 52 week low of $25.64 and a 52 week high of $61.75.

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.