Quadcap Wealth Management LLC Buys 3,385 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Quadcap Wealth Management LLC boosted its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 36.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,668 shares of the company’s stock after purchasing an additional 3,385 shares during the period. Quadcap Wealth Management LLC’s holdings in iShares Bitcoin Trust were worth $672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Union Savings Bank bought a new stake in iShares Bitcoin Trust during the fourth quarter worth $25,000. Vision Financial Markets LLC bought a new stake in iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. lifted its stake in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares during the last quarter. Stephens Consulting LLC lifted its stake in 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 last quarter. Finally, Crewe Advisors LLC lifted its stake in iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after purchasing an additional 302 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

NASDAQ IBIT opened at $58.67 on Friday. The business has a fifty day moving average price of $50.37 and a two-hundred day moving average price of $52.35. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75.

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.