Coston McIsaac & Partners Grows Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Coston McIsaac & Partners lifted its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 9.1% in the fourth quarter, Holdings Channel reports. The firm owned 14,864 shares of the company’s stock after purchasing an additional 1,245 shares during the period. Coston McIsaac & Partners’ holdings in iShares Bitcoin Trust were worth $788,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBIT. Union Savings Bank purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth about $25,000. City Holding Co. lifted its position in 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 acquiring an additional 238 shares in the last quarter. Asset Dedication LLC boosted its holdings 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 acquiring an additional 279 shares during the period. PSI Advisors LLC acquired a new stake in iShares Bitcoin Trust in the fourth quarter valued at approximately $30,000. Finally, Glass Jacobson Investment Advisors llc raised 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 purchasing an additional 304 shares during the period.

iShares Bitcoin Trust Price Performance

NASDAQ IBIT opened at $59.34 on Thursday. The company’s fifty day simple moving average is $55.98 and its 200-day simple moving average is $43.80. iShares Bitcoin Trust has a 52 week low of $24.13 and a 52 week 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.