Cascade Financial Partners LLC Buys New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Cascade Financial Partners LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,933 shares of the company’s stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBIT. Cushing Capital Partners LLC acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth about $302,000. Miller Financial Services LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter worth approximately $240,000. O Dell Group LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter worth approximately $213,000. Sage Mountain Advisors LLC acquired a new position in iShares Bitcoin Trust during the fourth quarter worth approximately $307,000. Finally, Clare Market Investments LLC purchased a new stake in iShares Bitcoin Trust in the fourth quarter valued at approximately $9,247,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT opened at $47.15 on Thursday. The company’s 50 day simple moving average is $54.38 and its 200-day simple moving average is $47.53. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month 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.