Financial Advocates Investment Management Has $1.25 Million Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Financial Advocates Investment Management grew its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 280.5% during the fourth quarter, HoldingsChannel reports. The firm owned 23,585 shares of the company’s stock after buying an additional 17,387 shares during the quarter. Financial Advocates Investment Management’s holdings in iShares Bitcoin Trust were worth $1,251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBIT. Union Savings Bank acquired a new stake in iShares Bitcoin Trust in the 4th quarter worth $25,000. City Holding Co. increased its stake in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after acquiring an additional 238 shares during the period. Stephens Consulting LLC increased its stake in iShares Bitcoin Trust by 62.8% during 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 during the period. Crewe Advisors LLC raised its holdings in iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after acquiring an additional 302 shares in the last quarter. Finally, Asset Dedication LLC lifted its position in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the period.

iShares Bitcoin Trust Stock Down 0.4 %

Shares of IBIT stock opened at $55.12 on Friday. iShares Bitcoin Trust has a one year low of $24.49 and a one year high of $61.75. The stock has a fifty day moving average price of $56.36 and a 200 day moving average price of $44.62.

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.