Colony Family Offices LLC Makes New $559,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Colony Family Offices LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,545 shares of the company’s stock, valued at approximately $559,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Modern Wealth Management LLC bought a new position in iShares Bitcoin Trust in the fourth quarter valued at approximately $408,000. Horrell Capital Management Inc. boosted its holdings in shares of iShares Bitcoin Trust by 66.9% in the 4th quarter. Horrell Capital Management Inc. now owns 1,699 shares of the company’s stock valued at $90,000 after buying an additional 681 shares during the last quarter. Emerald Advisers LLC bought a new position in shares of iShares Bitcoin Trust in the fourth quarter valued at $251,000. LPL Financial LLC grew its stake in shares of iShares Bitcoin Trust by 485.5% in the fourth quarter. LPL Financial LLC now owns 752,583 shares of the company’s stock valued at $39,925,000 after buying an additional 624,036 shares in the last quarter. Finally, Samalin Investment Counsel LLC acquired a new position in iShares Bitcoin Trust during the fourth quarter worth $288,000.

iShares Bitcoin Trust Trading Up 5.2 %

Shares of NASDAQ:IBIT opened at $50.18 on Tuesday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The company has a 50-day simple moving average of $53.27 and a 200 day simple moving average of $48.42.

iShares Bitcoin Trust Company 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.