Sara Bay Financial acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,225 shares of the company's stock, valued at approximately $333,000.
A number of other institutional investors have also recently bought and sold shares of the business. Trust Co. of Vermont boosted its position in iShares Bitcoin Trust by 134.4% during the 4th quarter. Trust Co. of Vermont now owns 3,854 shares of the company's stock worth $204,000 after acquiring an additional 2,210 shares during the period. Arkadios Wealth Advisors boosted its position in iShares Bitcoin Trust by 58.1% during the 4th quarter. Arkadios Wealth Advisors now owns 43,794 shares of the company's stock worth $2,323,000 after acquiring an additional 16,090 shares during the period. Lake Street Private Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $242,000. Sax Wealth Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $305,000. Finally, Merit Financial Group LLC acquired a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $928,000.
Shares of iShares Bitcoin Trust stock traded up $2.53 during trading on Friday, hitting $59.62. 70,436,318 shares of the stock traded hands, compared to its average volume of 44,819,953. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $61.75. The company has a fifty day moving average price of $54.88 and a two-hundred day moving average price of $42.40.
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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