Canton Hathaway LLC Purchases 1,000 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Canton Hathaway LLC grew its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Canton Hathaway LLC’s holdings in iShares Bitcoin Trust were worth $531,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IBIT. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at about $25,000. City Holding Co. lifted its stake 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 valued at $26,000 after acquiring an additional 238 shares during the last quarter. Stephens Consulting LLC lifted 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 acquiring an additional 189 shares during the last quarter. Crewe Advisors LLC lifted its stake 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 valued at $27,000 after acquiring an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at about $28,000.

iShares Bitcoin Trust Price Performance

NASDAQ IBIT opened at $53.41 on Tuesday. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The stock has a 50-day moving average of $56.07 and a 200-day moving average of $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.