iShares Bitcoin Trust (NASDAQ:IBIT) Holdings Boosted by Ridgewood Investments LLC

Ridgewood Investments LLC grew its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 76.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,980 shares of the company’s stock after buying an additional 3,030 shares during the period. Ridgewood Investments LLC’s holdings in iShares Bitcoin Trust were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Asset Dedication LLC grew its position in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after buying an additional 279 shares during the last quarter. Glass Jacobson Investment Advisors llc lifted its stake in shares of 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 valued at $38,000 after purchasing an additional 304 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of iShares Bitcoin Trust by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 88,837 shares of the company’s stock valued at $4,713,000 after purchasing an additional 320 shares during the last quarter. Doliver Advisors LP lifted its stake in shares of iShares Bitcoin Trust by 4.9% in the 3rd quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock valued at $273,000 after purchasing an additional 350 shares during the last quarter. Finally, Summit Global Investments raised its holdings in iShares Bitcoin Trust by 3.3% in the 3rd quarter. Summit Global Investments now owns 11,214 shares of the company’s stock worth $405,000 after acquiring an additional 355 shares during the period.

iShares Bitcoin Trust Stock Performance

IBIT traded up $0.07 during trading on Friday, hitting $53.41. The stock had a trading volume of 25,018,914 shares, compared to its average volume of 41,537,965. The company has a 50 day simple moving average of $53.13 and a 200-day simple moving average of $41.53. iShares Bitcoin Trust has a 12 month low of $22.02 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.