Foundations Investment Advisors LLC grew its position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 297,600 shares of the company’s stock after purchasing an additional 44,809 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares Bitcoin Trust were worth $15,788,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of IBIT. AlphaMark Advisors LLC raised its holdings in iShares Bitcoin Trust by 8.9% during the fourth quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock worth $130,000 after acquiring an additional 200 shares in the last quarter. City Holding Co. raised its stake in 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 buying an additional 238 shares during the period. Blue Trust Inc. raised its stake in iShares Bitcoin Trust by 5.8% in the fourth quarter. Blue Trust Inc. now owns 4,939 shares of the company’s stock valued at $262,000 after buying an additional 270 shares during the period. Asset Dedication LLC raised 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 during the period. Finally, Glass Jacobson Investment Advisors llc raised its stake in iShares Bitcoin Trust by 40.2% in the third 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 during the period.
iShares Bitcoin Trust Stock Performance
NASDAQ:IBIT opened at $57.17 on Monday. iShares Bitcoin Trust has a 12-month low of $23.88 and a 12-month high of $61.75. The stock’s 50 day moving average price is $55.77 and its two-hundred day moving average price is $43.38.
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.
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