Brighton Jones LLC Takes $711,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Brighton Jones LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 13,405 shares of the company’s stock, valued at approximately $711,000.

Several other institutional investors and hedge funds have also made changes to their positions in IBIT. Union Savings Bank purchased a new stake in iShares Bitcoin Trust during the 4th quarter worth about $25,000. City Holding Co. boosted its stake in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares during the last quarter. Asset Dedication LLC grew its holdings in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after buying an additional 279 shares in the last quarter. PSI Advisors LLC acquired a new position in shares of iShares Bitcoin Trust in the fourth quarter valued at approximately $30,000. Finally, Glass Jacobson Investment Advisors llc lifted its stake in shares of iShares Bitcoin Trust by 40.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock valued at $38,000 after buying an additional 304 shares during the period.

iShares Bitcoin Trust Stock Up 1.5 %

IBIT stock opened at $59.70 on Friday. The company has a 50 day moving average price of $55.77 and a two-hundred day moving average price of $43.38. iShares Bitcoin Trust has a one year low of $22.58 and a one year 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.