Bristlecone Advisors LLC Acquires Shares of 12,610 iShares Bitcoin Trust (NASDAQ:IBIT)

Bristlecone Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,610 shares of the company’s stock, valued at approximately $669,000.

Other institutional investors have also added to or reduced their stakes in the company. Union Savings Bank acquired a new position in iShares Bitcoin Trust during the fourth quarter valued at approximately $25,000. City Holding Co. grew its stake in shares of iShares Bitcoin Trust by 95.2% during the fourth 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 grew 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. Crewe Advisors LLC grew its stake in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after buying an additional 302 shares during the last quarter. Finally, PSI Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $30,000.

iShares Bitcoin Trust Stock Up 1.7 %

NASDAQ IBIT opened at $55.38 on Tuesday. The firm’s fifty day moving average price is $56.35 and its two-hundred day moving average price is $44.91. iShares Bitcoin Trust has a fifty-two week low of $27.51 and a fifty-two 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.