Edge Wealth Management LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 4,500 shares of the company's stock, valued at approximately $239,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fermata Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust by 346.7% in the 4th quarter. Fermata Advisors LLC now owns 26,277 shares of the company's stock worth $1,394,000 after purchasing an additional 20,394 shares during the period. Cypress Wealth Services LLC lifted its position in iShares Bitcoin Trust by 67.0% in the fourth quarter. Cypress Wealth Services LLC now owns 12,303 shares of the company's stock worth $653,000 after buying an additional 4,938 shares during the last quarter. Sanders Morris Harris LLC bought a new stake in iShares Bitcoin Trust in the fourth quarter worth $215,000. Mirador Capital Partners LP boosted its stake in iShares Bitcoin Trust by 41.8% during the fourth quarter. Mirador Capital Partners LP now owns 14,262 shares of the company's stock worth $757,000 after buying an additional 4,205 shares during the period. Finally, Mason & Associates Inc bought a new position in iShares Bitcoin Trust during the fourth quarter valued at $369,000.
iShares Bitcoin Trust stock opened at $57.09 on Friday. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $61.75. The firm has a 50-day moving average price of $54.56 and a 200-day moving average price of $42.24.
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.
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