Avaii Wealth Management LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Avaii Wealth Management LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,275 shares of the company’s stock, valued at approximately $333,000.

A number of other large investors have also made changes to their positions in the company. Union Savings Bank acquired a new position in iShares Bitcoin Trust in the fourth quarter valued at about $25,000. City Holding Co. grew its position in shares of 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 purchasing an additional 238 shares during the period. PSI Advisors LLC bought a new stake in iShares Bitcoin Trust during the 4th quarter worth approximately $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in iShares Bitcoin Trust during the 4th quarter worth approximately $39,000. Finally, Asset Dedication LLC lifted its stake in 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 buying an additional 279 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $59.70 on Friday. iShares Bitcoin Trust has a 12-month low of $22.58 and a 12-month high of $61.75. The firm has a fifty day moving average of $55.77 and a 200-day moving average of $43.38.

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.