American Trust Buys Shares of 30,237 iShares Bitcoin Trust ETF $IBIT

American Trust acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,237 shares of the company’s stock, valued at approximately $1,501,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at $711,000. Concentrum Wealth Management grew its position in iShares Bitcoin Trust ETF by 16.8% in the third quarter. Concentrum Wealth Management now owns 133,870 shares of the company’s stock worth $8,702,000 after buying an additional 19,269 shares during the last quarter. Procyon Advisors LLC grew its position in iShares Bitcoin Trust ETF by 920.1% in the fourth quarter. Procyon Advisors LLC now owns 227,604 shares of the company’s stock worth $11,301,000 after buying an additional 205,292 shares during the last quarter. Step Capital Management Pte. Ltd. acquired a new position in iShares Bitcoin Trust ETF in the fourth quarter worth approximately $3,724,000. Finally, Columbus Macro LLC increased its position in shares of iShares Bitcoin Trust ETF by 77.0% in the fourth quarter. Columbus Macro LLC now owns 32,830 shares of the company’s stock worth $1,630,000 after acquiring an additional 14,284 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

iShares Bitcoin Trust ETF stock opened at $36.36 on Thursday. iShares Bitcoin Trust ETF has a fifty-two week low of $33.48 and a fifty-two week high of $71.82. The firm’s 50 day simple moving average is $41.71 and its 200-day simple moving average is $43.90.

About iShares Bitcoin Trust ETF

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.