Sanctuary Advisors LLC Raises Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Sanctuary Advisors LLC lifted its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 82.5% in the 4th quarter, HoldingsChannel reports. The firm owned 162,061 shares of the company’s stock after buying an additional 73,250 shares during the quarter. Sanctuary Advisors LLC’s holdings in iShares Bitcoin Trust were worth $8,597,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Stephens Consulting LLC lifted its holdings in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares during the period. AlphaMark Advisors LLC raised its position in shares of iShares Bitcoin Trust by 8.9% in the 4th quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock worth $130,000 after acquiring an additional 200 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of iShares Bitcoin Trust by 52.9% in the 4th quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock valued at $35,000 after purchasing an additional 230 shares during the period. City Holding Co. boosted its position in shares of iShares Bitcoin Trust by 95.2% during the fourth 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. Finally, Blue Trust Inc. grew its stake in iShares Bitcoin Trust by 5.8% in the fourth quarter. Blue Trust Inc. now owns 4,939 shares of the company’s stock worth $262,000 after purchasing an additional 270 shares during the period.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock opened at $54.65 on Thursday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The business has a fifty day simple moving average of $56.17 and a two-hundred day simple moving average of $45.84.

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.