Tolleson Wealth Management Inc. Buys Shares of 21,575 iShares Bitcoin Trust (NASDAQ:IBIT)

Tolleson Wealth Management Inc. bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 21,575 shares of the company’s stock, valued at approximately $1,145,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Strategic Wealth Partners Ltd. purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at about $654,000. Torno Capital LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at about $5,305,000. Sentinus LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at about $443,000. Silvercrest Asset Management Group LLC grew its holdings in shares of iShares Bitcoin Trust by 15.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 6,730 shares of the company’s stock worth $357,000 after buying an additional 880 shares in the last quarter. Finally, Ratan Capital Management LP purchased a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth about $33,422,000.

iShares Bitcoin Trust Trading Up 0.9%

Shares of NASDAQ IBIT opened at $59.20 on Friday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The company has a 50-day simple moving average of $50.61 and a 200-day simple moving average of $52.55.

iShares Bitcoin Trust 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.