iShares Bitcoin Trust (NASDAQ:IBIT) Stock Position Raised by Invesco Ltd.

Invesco Ltd. lifted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,328 shares of the company’s stock after purchasing an additional 1,237 shares during the period. Invesco Ltd.’s holdings in iShares Bitcoin Trust were worth $1,078,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Union Savings Bank acquired a new position in iShares Bitcoin Trust during the fourth quarter valued at $25,000. Vision Financial Markets LLC purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth approximately $25,000. City Holding Co. lifted its position in shares of iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC boosted its holdings in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares during the period. Finally, Crewe Advisors LLC grew its position in iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $54.95 on Friday. The stock’s 50 day moving average price is $48.76 and its 200 day moving average price is $51.08. iShares Bitcoin Trust has a 52 week low of $28.23 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.