Midwest Financial Group LLC Invests $385,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Midwest Financial Group LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, Holdings Channel reports. The fund acquired 7,248 shares of the company’s stock, valued at approximately $385,000.

Other hedge funds have also recently bought and sold shares of the company. Union Savings Bank acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. lifted its position in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the period. Asset Dedication LLC boosted its stake in iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after buying an additional 279 shares during the last quarter. PSI Advisors LLC purchased a new stake in iShares Bitcoin Trust in the 4th quarter valued at about $30,000. Finally, Glass Jacobson Investment Advisors llc increased its stake in shares of iShares Bitcoin Trust by 40.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after acquiring an additional 304 shares during the last quarter.

iShares Bitcoin Trust Trading Up 2.0 %

Shares of IBIT stock opened at $59.99 on Friday. iShares Bitcoin Trust has a 1-year low of $22.58 and a 1-year high of $61.75. The firm’s 50-day simple moving average is $55.44 and its 200-day simple moving average is $43.00.

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.