Buffalo Business & Estate Services Ltd. Takes Position in iShares Bitcoin Trust ETF $IBIT

Buffalo Business & Estate Services Ltd. bought a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 19,713 shares of the company’s stock, valued at approximately $979,000.

Other hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC raised its stake in iShares Bitcoin Trust ETF by 30.3% in the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after buying an additional 163 shares during the last quarter. Vivaldi Capital Management LP increased its holdings in shares of iShares Bitcoin Trust ETF by 3.3% during the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after acquiring an additional 163 shares in the last quarter. Howard Capital Management Group LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock valued at $1,670,000 after acquiring an additional 165 shares in the last quarter. Encompass Wealth Advisors LLC raised its position in shares of iShares Bitcoin Trust ETF by 2.2% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock valued at $498,000 after purchasing an additional 165 shares during the last quarter. Finally, Thoroughbred Financial Services LLC boosted its stake in iShares Bitcoin Trust ETF by 3.3% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock worth $345,000 after purchasing an additional 172 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ:IBIT opened at $37.97 on Monday. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month high of $71.82. The company’s 50 day moving average is $40.23 and its two-hundred day moving average is $50.79.

iShares Bitcoin Trust ETF 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.