Verdence Capital Advisors LLC Buys Shares of 8,155 iShares Bitcoin Trust (NASDAQ:IBIT)

Verdence Capital Advisors LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the third quarter, HoldingsChannel reports. The fund purchased 8,155 shares of the company’s stock, valued at approximately $295,000.

Other institutional investors have also modified their holdings of the company. Glass Jacobson Investment Advisors llc purchased a new stake in iShares Bitcoin Trust in the 2nd quarter worth approximately $26,000. Asset Dedication LLC grew its position in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares during the period. Creekmur Asset Management LLC acquired a new position in iShares Bitcoin Trust in the first quarter valued at $30,000. International Assets Investment Management LLC purchased a new position in iShares Bitcoin Trust during the second quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares Bitcoin Trust in the 2nd quarter worth about $36,000.

iShares Bitcoin Trust Stock Up 3.0 %

NASDAQ IBIT opened at $51.05 on Wednesday. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $51.26. The company has a 50-day moving average of $36.87 and a 200-day moving average of $36.32.

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.