Forefront Wealth Management Inc. Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Forefront Wealth Management Inc. acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 14,950 shares of the company’s stock, valued at approximately $793,000.

Several other large investors also recently modified their holdings of IBIT. Union Savings Bank acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. Vision Financial Markets LLC acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. City Holding Co. boosted its holdings in shares of iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC boosted its holdings in shares of iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after acquiring an additional 302 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of IBIT opened at $47.70 on Friday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The business’s 50 day simple moving average is $53.33 and its 200-day simple moving average is $48.08.

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.