Galvin Gaustad & Stein LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,680 shares of the company’s stock, valued at approximately $248,000.
Several other institutional investors have also recently made changes to their positions in the business. Union Savings Bank acquired a new stake in iShares Bitcoin Trust during the 4th quarter worth about $25,000. City Holding Co. boosted its stake in shares of iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the last quarter. Asset Dedication LLC grew its holdings in iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the period. PSI Advisors LLC purchased a new position in iShares Bitcoin Trust during the fourth quarter valued at approximately $30,000. Finally, Glass Jacobson Investment Advisors llc boosted its position in iShares Bitcoin Trust by 40.2% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after purchasing an additional 304 shares in the last quarter.
iShares Bitcoin Trust Stock Down 1.0 %
Shares of NASDAQ IBIT opened at $58.79 on Friday. The firm’s 50 day simple moving average is $55.44 and its 200-day simple moving average is $43.00. iShares Bitcoin Trust has a 12 month low of $22.57 and a 12 month high of $61.75.
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.
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