Sapient Capital LLC increased its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 50.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,237 shares of the company’s stock after acquiring an additional 40,048 shares during the quarter. Sapient Capital LLC’s holdings in iShares Bitcoin Trust were worth $6,326,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Union Savings Bank acquired a new position in iShares Bitcoin Trust during the 4th quarter valued at about $25,000. City Holding Co. lifted its holdings in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after buying an additional 238 shares during the period. Stephens Consulting LLC lifted its holdings in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after buying an additional 189 shares during the period. Crewe Advisors LLC boosted 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 acquiring an additional 302 shares during the last quarter. Finally, PSI Advisors LLC acquired a new stake in iShares Bitcoin Trust during the 4th quarter worth $30,000.
iShares Bitcoin Trust Price Performance
IBIT stock opened at $55.38 on Tuesday. iShares Bitcoin Trust has a twelve month low of $27.51 and a twelve month high of $61.75. The business’s fifty day moving average is $56.35 and its 200-day moving average is $44.91.
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.
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