Samalin Investment Counsel LLC Acquires New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Samalin Investment Counsel LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,419 shares of the company’s stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mosley Wealth Management grew its position in iShares Bitcoin Trust by 2.5% in the 4th quarter. Mosley Wealth Management now owns 9,341 shares of the company’s stock valued at $496,000 after buying an additional 231 shares during the last quarter. Optimum Investment Advisors purchased a new position in iShares Bitcoin Trust in the 4th quarter valued at $76,000. Fortis Capital Management LLC grew its position in iShares Bitcoin Trust by 38.1% in the 4th quarter. Fortis Capital Management LLC now owns 12,667 shares of the company’s stock valued at $672,000 after buying an additional 3,493 shares during the last quarter. Forefront Wealth Management Inc. purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth $793,000. Finally, ZEGA Investments LLC purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth $331,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $47.70 on Monday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The company’s fifty day moving average is $53.33 and its two-hundred day moving average is $48.29.

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.