Smith Moore & CO. Buys 9,040 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Smith Moore & CO. grew its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 40.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,609 shares of the company’s stock after acquiring an additional 9,040 shares during the quarter. Smith Moore & CO.’s holdings in iShares Bitcoin Trust were worth $1,677,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in IBIT. Stephens Consulting LLC boosted its position in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of iShares Bitcoin Trust by 8.9% in the 4th quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock worth $130,000 after purchasing an additional 200 shares during the period. Pathway Financial Advisers LLC lifted its stake in shares of iShares Bitcoin Trust by 52.9% in the 4th quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock worth $35,000 after purchasing an additional 230 shares during the period. SouthState Corp boosted its holdings in shares of iShares Bitcoin Trust by 5.5% in the fourth quarter. SouthState Corp now owns 4,411 shares of the company’s stock worth $234,000 after buying an additional 230 shares during the last quarter. Finally, Mosley Wealth Management grew its position in iShares Bitcoin Trust by 2.5% during the fourth quarter. Mosley Wealth Management now owns 9,341 shares of the company’s stock valued at $496,000 after buying an additional 231 shares during the period.

iShares Bitcoin Trust Trading Up 2.4 %

IBIT opened at $47.71 on Friday. The firm’s 50 day simple moving average is $51.45 and its two-hundred day simple moving average is $49.18. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year 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.