Maridea Wealth Management LLC Acquires New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Maridea Wealth Management LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, HoldingsChannel.com reports. The firm bought 23,831 shares of the company’s stock, valued at approximately $1,264,000.

Other large investors have also recently added to or reduced their stakes in the company. Union Savings Bank acquired a new stake in shares of iShares Bitcoin Trust in the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new position in iShares Bitcoin Trust in the fourth quarter valued at $25,000. City Holding Co. increased its stake in iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after buying an additional 238 shares during the last quarter. Stephens Consulting LLC boosted its stake in shares of 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 buying an additional 189 shares during the last quarter. Finally, 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 worth $27,000 after buying an additional 302 shares during the last quarter.

iShares Bitcoin Trust Stock Down 3.8 %

NASDAQ:IBIT opened at $47.56 on Friday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The stock’s 50-day simple moving average is $52.64 and its 200 day simple moving average is $48.68.

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.