Harbor Investment Advisory LLC Increases Stake in iShares Bitcoin Trust

Harbor Investment Advisory LLC has significantly increased its stake in the iShares Bitcoin Trust (NASDAQ:IBIT) by 53.8% during the fourth quarter, as reported in its latest filing with the Securities and Exchange Commission. The investment firm now owns a total of 29,848 shares after acquiring an additional 10,436 shares in this period. The value of Harbor Investment Advisory LLC's holdings in the iShares Bitcoin Trust reached approximately $1,583,000 by the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in iShares Bitcoin Trust recently. For instance, Union Savings Bank initiated a new position in the fund during the fourth quarter, estimated at around $25,000. City Holding Co. raised its stake in the iShares Bitcoin Trust by an impressive 95.2% during the same quarter, resulting in total ownership of 488 shares valued at $26,000 after purchasing an additional 238 shares. Additionally, Asset Dedication LLC increased its stake by 52.4% in the third quarter and owns 811 shares worth $29,000 following the acquisition of 279 extra shares. PSI Advisors LLC entered into a new investment in the iShares Bitcoin Trust valued at $30,000 during the fourth quarter. Moreover, Glass Jacobson Investment Advisors LLC expanded its position by 40.2% in the third quarter, currently holding 1,060 shares valued at $38,000 after acquiring 304 additional shares.

Recent Trading Performance of iShares Bitcoin Trust

As of Tuesday, shares of NASDAQ IBIT opened at $59.62. The iShares Bitcoin Trust has experienced a 12-month low of $22.02 and a high of $61.75 during this time. Its 50-day simple moving average stands at $55.08, while the 200-day simple moving average is at $42.69.

Insights on iShares Bitcoin Trust

The iShares Bitcoin Trust (IBIT) is an exchange-traded fund primarily focused on long Bitcoin and short USD currency investments. This fund is passively managed and aims to reflect the spot price of Bitcoin. Launched on January 5, 2024, the iShares Bitcoin Trust is issued by BlackRock.

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Curious about other hedge fund holdings? Check HoldingsChannel.com for the latest filings and insider trades for the iShares Bitcoin Trust (NASDAQ:IBIT).

Investment Guidance

If you are considering an investment in the iShares Bitcoin Trust, additional insight is beneficial. Market analysts track top-rated stocks and provide daily recommendations to their clients.

Currently, while the iShares Bitcoin Trust holds a "Hold" rating among analysts, several top-rated stocks may represent better investment options right now.

Harbor, Investment, Bitcoin