Coordinated Financial Services Inc. CO Takes $388,000 Position in iShares Bitcoin Trust ETF $IBIT

by · The Cerbat Gem

Coordinated Financial Services Inc. CO purchased a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,290 shares of the company’s stock, valued at approximately $388,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC raised its position in iShares Bitcoin Trust ETF by 13.1% in the first quarter. Nemes Rush Group LLC now owns 2,582 shares of the company’s stock worth $121,000 after purchasing an additional 300 shares in the last quarter. Cornerstone Advisory LLC bought a new position in iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $1,549,000. Visionary Wealth Advisors boosted its position in shares of iShares Bitcoin Trust ETF by 81.4% during the fourth quarter. Visionary Wealth Advisors now owns 77,302 shares of the company’s stock worth $4,101,000 after purchasing an additional 34,693 shares in the last quarter. Bank of America Corp DE boosted its position in shares of iShares Bitcoin Trust ETF by 154.6% during the fourth quarter. Bank of America Corp DE now owns 410,560 shares of the company’s stock worth $21,780,000 after purchasing an additional 249,292 shares in the last quarter. Finally, First Heartland Consultants Inc. bought a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $270,000.

iShares Bitcoin Trust ETF Stock Up 1.7%

IBIT opened at $63.42 on Friday. iShares Bitcoin Trust ETF has a 12 month low of $30.24 and a 12 month high of $69.89. The firm’s fifty day simple moving average is $65.00 and its 200 day simple moving average is $57.60.

iShares Bitcoin Trust ETF Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).