Bull Oak Capital LLC Purchases 101,030 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Bull Oak Capital LLC raised its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 426.4% in the fourth quarter, Holdings Channel reports. The fund owned 124,726 shares of the company’s stock after purchasing an additional 101,030 shares during the quarter. iShares Bitcoin Trust accounts for approximately 3.7% of Bull Oak Capital LLC’s investment portfolio, making the stock its 9th largest holding. Bull Oak Capital LLC’s holdings in iShares Bitcoin Trust were worth $6,617,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Union Savings Bank bought a new position in shares of iShares Bitcoin Trust in the 4th quarter worth about $25,000. City Holding Co. grew 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 worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC grew its holdings in shares of iShares Bitcoin Trust by 62.8% in 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. Crewe Advisors LLC increased its position 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 valued at $27,000 after purchasing an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC purchased a new position in iShares Bitcoin Trust in the fourth quarter valued at about $28,000.

iShares Bitcoin Trust Stock Performance

Shares of iShares Bitcoin Trust stock opened at $47.96 on Thursday. 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 $55.54 and its 200 day simple moving average is $46.53.

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.