Miller Financial Services LLC Invests $240,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Miller Financial Services LLC bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,519 shares of the company’s stock, valued at approximately $240,000.

Several other hedge funds also recently bought and sold shares of IBIT. Stephens Consulting LLC lifted its position in shares of iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. AlphaMark Advisors LLC raised its stake in iShares Bitcoin Trust by 8.9% during the 4th quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock valued at $130,000 after purchasing an additional 200 shares during the period. Pathway Financial Advisers LLC lifted its holdings in 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 in the last quarter. City Holding Co. boosted its stake in iShares Bitcoin Trust by 95.2% in the 4th 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. grew its holdings in 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 buying an additional 270 shares in the last quarter.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $44.91 on Tuesday. The company’s fifty day moving average price is $54.61 and its 200-day moving average price is $47.45. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75.

iShares Bitcoin Trust 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.