Whalen Wealth Management Inc. Purchases New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Whalen Wealth Management Inc. acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,251 shares of the company’s stock, valued at approximately $279,000.

Several other large investors have also recently bought and sold shares of the company. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. increased its position 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 purchasing an additional 238 shares during the period. Asset Dedication LLC increased its position in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the period. PSI Advisors LLC bought a new stake in iShares Bitcoin Trust during the 4th quarter worth about $30,000. Finally, Glass Jacobson Investment Advisors llc lifted its position in iShares Bitcoin Trust by 40.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after purchasing an additional 304 shares during the period.

iShares Bitcoin Trust Stock Down 1.7 %

Shares of NASDAQ IBIT opened at $59.38 on Thursday. The firm’s 50-day moving average is $55.27 and its 200-day moving average is $42.89. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $61.75.

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.