Masso Torrence Wealth Management Inc. increased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 5.1% in the fourth quarter, HoldingsChannel reports. The firm owned 10,505 shares of the company’s stock after buying an additional 506 shares during the period. Masso Torrence Wealth Management Inc.’s holdings in iShares Bitcoin Trust were worth $557,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Union Savings Bank acquired a new stake in iShares Bitcoin Trust during the 4th quarter valued at $25,000. City Holding Co. boosted its position 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 acquiring an additional 238 shares during the period. PSI Advisors LLC acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $30,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of iShares Bitcoin Trust during the fourth quarter worth approximately $39,000. Finally, Asset Dedication LLC raised its position in shares of 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 in the last quarter.
iShares Bitcoin Trust Price Performance
Shares of NASDAQ:IBIT opened at $57.88 on Wednesday. The business’s 50 day simple moving average is $55.88 and its 200 day simple moving average is $43.63. iShares Bitcoin Trust has a 1 year low of $24.13 and a 1 year high of $61.75.
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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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