Kolinsky Wealth Management LLC Buys Shares of 8,289 iShares Bitcoin Trust (NASDAQ:IBIT)

Kolinsky Wealth Management LLC purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, HoldingsChannel reports. The fund purchased 8,289 shares of the company’s stock, valued at approximately $440,000.

A number of other institutional investors also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. lifted its holdings in 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 buying an additional 238 shares in the last quarter. Stephens Consulting LLC increased its holdings in iShares Bitcoin Trust by 62.8% during 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 boosted its stake in shares of iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after buying 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 fourth quarter worth $28,000.

iShares Bitcoin Trust Trading Up 1.5%

NASDAQ:IBIT opened at $60.91 on Wednesday. The stock has a 50-day simple moving average of $51.18 and a 200 day simple moving average of $52.84. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75.

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.