Magnus Financial Group LLC Grows Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Magnus Financial Group LLC increased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 3,168.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,888 shares of the company’s stock after purchasing an additional 330,457 shares during the quarter. iShares Bitcoin Trust makes up 1.7% of Magnus Financial Group LLC’s portfolio, making the stock its 11th biggest holding. Magnus Financial Group LLC owned approximately 0.05% of iShares Bitcoin Trust worth $18,084,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Union Savings Bank purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at approximately $25,000. City Holding Co. grew its holdings in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after buying an additional 238 shares in the last quarter. Asset Dedication LLC grew its holdings in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after buying an additional 279 shares in the last quarter. PSI Advisors LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at approximately $30,000. Finally, Glass Jacobson Investment Advisors llc grew its holdings in 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 buying an additional 304 shares in the last quarter.

iShares Bitcoin Trust Stock Up 1.3 %

NASDAQ:IBIT opened at $60.42 on Wednesday. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $61.75. The business has a 50 day simple moving average of $55.08 and a 200-day simple moving average of $42.69.

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.