American Trust Takes Position in iShares Bitcoin Trust ETF $IBIT

American Trust acquired a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 4th quarter, Holdings Channel reports. The firm acquired 30,237 shares of the company’s stock, valued at approximately $1,501,000.

A number of other hedge funds also recently modified their holdings of IBIT. 59 North Capital Management LP lifted its stake in iShares Bitcoin Trust ETF by 50.7% during the fourth quarter. 59 North Capital Management LP now owns 3,921,034 shares of the company’s stock worth $194,679,000 after purchasing an additional 1,319,501 shares during the period. Guggenheim Capital LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 1.3% in the fourth quarter. Guggenheim Capital LLC now owns 36,753 shares of the company’s stock valued at $1,825,000 after buying an additional 478 shares during the last quarter. Pennington Partners & CO. LLC raised its stake in shares of iShares Bitcoin Trust ETF by 100.9% in the fourth quarter. Pennington Partners & CO. LLC now owns 71,059 shares of the company’s stock worth $3,528,000 after acquiring an additional 35,689 shares during the last quarter. Avondale Wealth Management raised its stake in shares of iShares Bitcoin Trust ETF by 6.3% in the fourth quarter. Avondale Wealth Management now owns 13,400 shares of the company’s stock worth $665,000 after acquiring an additional 800 shares during the last quarter. Finally, Aequim Alternative Investments LP raised its holdings in iShares Bitcoin Trust ETF by 30.0% during the 4th quarter. Aequim Alternative Investments LP now owns 325,000 shares of the company’s stock worth $16,136,000 after purchasing an additional 75,000 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Down 2.2%

NASDAQ IBIT opened at $36.36 on Thursday. The stock has a 50-day simple moving average of $41.71 and a 200 day simple moving average of $43.90. iShares Bitcoin Trust ETF has a 12 month low of $33.48 and a 12 month high of $71.82.

About iShares Bitcoin Trust ETF

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.