Zhang Financial LLC Raises Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Zhang Financial LLC lifted its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 295,872 shares of the company’s stock after purchasing an additional 21,629 shares during the period. iShares Bitcoin Trust accounts for about 0.9% of Zhang Financial LLC’s investment portfolio, making the stock its 23rd biggest holding. Zhang Financial LLC’s holdings in iShares Bitcoin Trust were worth $15,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. City Holding Co. boosted its position in shares of 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 purchasing an additional 238 shares in the last quarter. Asset Dedication LLC lifted its position in iShares Bitcoin Trust by 52.4% during 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 during the period. PSI Advisors LLC purchased a new position in iShares Bitcoin Trust during the fourth quarter valued at $30,000. Glass Jacobson Investment Advisors llc boosted its holdings in shares of 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 buying an additional 304 shares in the last quarter. Finally, West Financial Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust in the 3rd quarter worth about $40,000.

iShares Bitcoin Trust Trading Up 4.4 %

Shares of iShares Bitcoin Trust stock opened at $59.62 on Monday. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $61.75. The company has a 50-day moving average of $54.88 and a 200 day moving average of $42.51.

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.