6,825 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Acquired by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 6,825 shares of the company’s stock, valued at approximately $362,000.

Several other hedge funds have also made changes to their positions in IBIT. Union Savings Bank bought a new position in iShares Bitcoin Trust in the fourth quarter worth about $25,000. City Holding Co. grew its stake in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the last quarter. PSI Advisors LLC purchased a new stake in iShares Bitcoin Trust in the fourth quarter valued at about $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in iShares Bitcoin Trust in the fourth quarter worth about $39,000. Finally, Asset Dedication LLC grew its stake in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the last quarter.

iShares Bitcoin Trust Stock Up 3.1 %

Shares of iShares Bitcoin Trust stock opened at $59.34 on Thursday. iShares Bitcoin Trust has a 52 week low of $24.13 and a 52 week high of $61.75. The company has a 50 day moving average price of $55.98 and a 200 day moving average price of $43.80.

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.