CCM Investment Advisers LLC Grows Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

CCM Investment Advisers LLC increased its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 79.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,885 shares of the company’s stock after buying an additional 6,140 shares during the period. CCM Investment Advisers LLC’s holdings in iShares Bitcoin Trust were worth $744,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ridgewood Investments LLC boosted its holdings in iShares Bitcoin Trust by 76.7% in the fourth quarter. Ridgewood Investments LLC now owns 6,980 shares of the company’s stock worth $370,000 after acquiring an additional 3,030 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in iShares Bitcoin Trust by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 88,837 shares of the company’s stock worth $4,713,000 after purchasing an additional 320 shares in the last quarter. ORG Partners LLC grew its position in iShares Bitcoin Trust by 346.9% during the 4th quarter. ORG Partners LLC now owns 10,208 shares of the company’s stock valued at $542,000 after purchasing an additional 7,924 shares during the last quarter. Diversified Trust Co bought a new stake in iShares Bitcoin Trust during the 4th quarter valued at about $1,336,000. Finally, APEIRON CAPITAL Ltd purchased a new position in iShares Bitcoin Trust in the fourth quarter worth about $8,440,000.

iShares Bitcoin Trust Trading Down 0.2 %

Shares of NASDAQ:IBIT traded down $0.12 during trading on Friday, reaching $53.22. 25,843,224 shares of the stock traded hands, compared to its average volume of 41,746,453. The stock has a 50-day moving average of $53.13 and a two-hundred day moving average of $41.53. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $61.75.

iShares Bitcoin Trust Company 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.