Traynor Capital Management Inc. Has $4.22 Million Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Traynor Capital Management Inc. raised its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 3.0% in the 4th quarter, HoldingsChannel reports. The fund owned 79,450 shares of the company’s stock after buying an additional 2,283 shares during the quarter. Traynor Capital Management Inc.’s holdings in iShares Bitcoin Trust were worth $4,215,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. City Holding Co. increased its holdings in shares of iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 238 shares in the last quarter. Asset Dedication LLC raised its position 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. Glass Jacobson Investment Advisors llc raised its position in shares of iShares Bitcoin Trust by 40.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after acquiring an additional 304 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares Bitcoin Trust by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 88,837 shares of the company’s stock valued at $4,713,000 after acquiring an additional 320 shares during the last quarter. Finally, Doliver Advisors LP increased its position in iShares Bitcoin Trust by 4.9% in the third quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock worth $273,000 after purchasing an additional 350 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.

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.