Optivise Advisory Services LLC Has $483,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Optivise Advisory Services LLC cut its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,096 shares of the company’s stock after selling 772 shares during the quarter. Optivise Advisory Services LLC’s holdings in iShares Bitcoin Trust were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Union Savings Bank acquired a new position in iShares Bitcoin Trust in the 4th quarter worth about $25,000. Vision Financial Markets LLC bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at approximately $25,000. City Holding Co. increased its holdings in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the last quarter. Stephens Consulting LLC raised its position in 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 acquiring an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC lifted its stake in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after acquiring an additional 302 shares during the last quarter.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $48.26 on Monday. The firm has a 50 day moving average of $49.02 and a two-hundred day moving average of $50.19. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75.

iShares Bitcoin Trust 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.