Howard Capital Management Inc. bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 186,206 shares of the company’s stock, valued at approximately $9,878,000.
Other large investors have also made changes to their positions in the company. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth about $25,000. City Holding Co. grew its holdings in shares of iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares during the last quarter. Stephens Consulting LLC grew its holdings in shares of iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares during the last quarter. Crewe Advisors LLC grew its holdings in shares of iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $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 in the 4th quarter worth about $28,000.
iShares Bitcoin Trust Stock Down 3.7 %
IBIT opened at $53.94 on Friday. The firm’s 50-day simple moving average is $56.07 and its 200-day simple moving average is $46.07. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve 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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