US Bancorp DE Purchases 50,519 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

US Bancorp DE lifted its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,282 shares of the company’s stock after purchasing an additional 50,519 shares during the quarter. US Bancorp DE’s holdings in iShares Bitcoin Trust were worth $13,649,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Consulting LLC boosted its position in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares in the last quarter. AlphaMark Advisors LLC boosted its position in shares of iShares Bitcoin Trust by 8.9% during the fourth quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock worth $130,000 after purchasing an additional 200 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in shares of iShares Bitcoin Trust by 52.9% during the fourth quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock worth $35,000 after purchasing an additional 230 shares in the last quarter. City Holding Co. lifted its position 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 acquiring an additional 238 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in iShares Bitcoin Trust by 5.8% in the 4th quarter. Blue Trust Inc. now owns 4,939 shares of the company’s stock valued at $262,000 after acquiring an additional 270 shares in the last quarter.

iShares Bitcoin Trust Stock Up 2.1 %

IBIT opened at $48.90 on Tuesday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The firm’s fifty day simple moving average is $55.17 and its 200 day simple moving average is $46.93.

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.