W.G. Shaheen & Associates DBA Whitney & Co Takes $802,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 15,115 shares of the company’s stock, valued at approximately $802,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stephens Consulting LLC increased its position 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 valued at $26,000 after buying an additional 189 shares in the last quarter. AlphaMark Advisors LLC grew its stake in iShares Bitcoin Trust by 8.9% in the fourth quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock valued at $130,000 after acquiring an additional 200 shares during the period. Pathway Financial Advisers LLC increased its holdings in shares of iShares Bitcoin Trust by 52.9% in the fourth quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock worth $35,000 after acquiring an additional 230 shares in the last quarter. City Holding Co. raised its position 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 purchasing an additional 238 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of iShares Bitcoin Trust by 5.8% during the 4th quarter. Blue Trust Inc. now owns 4,939 shares of the company’s stock valued at $262,000 after purchasing an additional 270 shares in the last quarter.

iShares Bitcoin Trust Price Performance

NASDAQ IBIT opened at $53.94 on Monday. The business has a 50 day simple moving average of $56.07 and a 200 day simple moving average of $46.27. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75.

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.