GenTrust LLC Has $19.51 Million Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

GenTrust LLC raised its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 367,689 shares of the company’s stock after buying an additional 6,385 shares during the period. iShares Bitcoin Trust comprises 0.8% of GenTrust LLC’s portfolio, making the stock its 29th biggest position. GenTrust LLC’s holdings in iShares Bitcoin Trust were worth $19,506,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of IBIT. Union Savings Bank acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth approximately $25,000. City Holding Co. grew its stake 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 during the last quarter. Stephens Consulting LLC grew its stake in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC bought a new stake in shares of iShares Bitcoin Trust during the fourth quarter valued at approximately $28,000.

iShares Bitcoin Trust Price Performance

IBIT opened at $47.96 on Thursday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The company’s 50 day simple moving average is $55.54 and its 200-day simple moving average is $46.53.

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.