Forvis Mazars Wealth Advisors LLC Increases Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Forvis Mazars Wealth Advisors LLC raised its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 51.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,998 shares of the company’s stock after buying an additional 7,843 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in iShares Bitcoin Trust were worth $1,220,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Union Savings Bank acquired a new position in iShares Bitcoin Trust during the 4th quarter worth $25,000. City Holding Co. raised its position in iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC boosted its stake 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 during the period. Crewe Advisors LLC grew its position in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after buying an additional 302 shares in the last quarter. Finally, Beacon Capital Management LLC purchased a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth approximately $28,000.

iShares Bitcoin Trust Stock Down 3.7 %

Shares of NASDAQ:IBIT opened at $53.94 on Monday. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The firm’s 50 day moving average price is $56.07 and its 200 day moving average price is $46.27.

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.