Colony Family Offices LLC Invests $559,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Colony Family Offices LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,545 shares of the company’s stock, valued at approximately $559,000.

Other hedge funds also recently modified their holdings of the company. Stephens Consulting LLC grew its holdings in iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in iShares Bitcoin Trust by 8.9% in the fourth quarter. AlphaMark Advisors LLC now owns 2,455 shares of the company’s stock valued at $130,000 after purchasing an additional 200 shares during the period. Pathway Financial Advisers LLC raised its position in iShares Bitcoin Trust by 52.9% during the 4th quarter. Pathway Financial Advisers LLC now owns 665 shares of the company’s stock worth $35,000 after purchasing an additional 230 shares during the last quarter. SouthState Corp lifted its holdings in iShares Bitcoin Trust by 5.5% during the 4th quarter. SouthState Corp now owns 4,411 shares of the company’s stock worth $234,000 after buying an additional 230 shares during the period. Finally, Mosley Wealth Management grew its position in shares of iShares Bitcoin Trust by 2.5% in the 4th quarter. Mosley Wealth Management now owns 9,341 shares of the company’s stock valued at $496,000 after buying an additional 231 shares during the last quarter.

iShares Bitcoin Trust Price Performance

NASDAQ:IBIT opened at $50.18 on Tuesday. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The company has a 50 day simple moving average of $53.27 and a two-hundred day simple moving average of $48.42.

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.