City Holding Co. Increases Stock Holdings in iShares Bitcoin Trust ETF $IBIT

City Holding Co. raised its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 75.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,263 shares of the company’s stock after purchasing an additional 545 shares during the quarter. City Holding Co.’s holdings in iShares Bitcoin Trust ETF were worth $77,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Osterweis Capital Management Inc. grew its stake in shares of iShares Bitcoin Trust ETF by 10.8% in the 1st quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock valued at $85,000 after purchasing an additional 177 shares during the last quarter. Philadelphia Trust Co. grew its stake in shares of iShares Bitcoin Trust ETF by 1.5% in the 1st quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock valued at $557,000 after purchasing an additional 180 shares during the last quarter. GSG Advisors LLC grew its stake in shares of iShares Bitcoin Trust ETF by 2.4% in the 2nd quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock valued at $464,000 after purchasing an additional 180 shares during the last quarter. Eagle Bay Advisors LLC grew its stake in shares of iShares Bitcoin Trust ETF by 3.9% in the 2nd quarter. Eagle Bay Advisors LLC now owns 4,979 shares of the company’s stock valued at $305,000 after purchasing an additional 187 shares during the last quarter. Finally, Leavell Investment Management Inc. grew its stake in shares of iShares Bitcoin Trust ETF by 3.3% in the 1st quarter. Leavell Investment Management Inc. now owns 6,200 shares of the company’s stock valued at $290,000 after purchasing an additional 199 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $61.94 on Monday. iShares Bitcoin Trust ETF has a 1-year low of $33.47 and a 1-year high of $69.89. The stock’s 50 day moving average price is $65.10 and its 200 day moving average price is $59.24.

iShares Bitcoin Trust ETF Company 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.