Harbor Investment Advisory LLC Expands Holdings in iShares Bitcoin Trust

Harbor Investment Advisory LLC has significantly increased its investment in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report), raising its position by 53.8% during the fourth quarter. In its latest filing with the Securities and Exchange Commission, it was reported that the fund now holds a total of 29,848 shares of the trust, following the acquisition of an additional 10,436 shares in this period. At the end of the last quarter, the value of Harbor Investment Advisory LLC's holdings in iShares Bitcoin Trust was approximately $1,583,000.

Several other institutional investors and hedge funds have also made adjustments to their investments in IBIT. Union Savings Bank, for example, entered a new position valued at around $25,000 in the fourth quarter. Additionally, City Holding Co. increased its stake by an impressive 95.2%, acquiring a total of 488 shares worth $26,000 after purchasing 238 new shares last quarter. Asset Dedication LLC also expanded its stake by 52.4% in the third quarter, now holding 811 shares valued at $29,000 following a purchase of 279 shares. Furthermore, PSI Advisors LLC initiated a new investment in iShares Bitcoin Trust worth $30,000 during the same quarter. Lastly, Glass Jacobson Investment Advisors LLC raised its holdings by 40.2% in the third quarter and now owns 1,060 shares valued at $38,000 after adding 304 shares recently.

iShares Bitcoin Trust Market Performance

Recent trading for iShares Bitcoin Trust saw shares open at $59.62 on Tuesday. The trust has experienced a 12-month low of $22.02 and a high of $61.75. Notably, the firm's 50-day simple moving average stands at $55.08, with a 200-day simple moving average of $42.69.

Overview of iShares Bitcoin Trust

The iShares Bitcoin Trust (IBIT) is an exchange-traded fund that primarily invests in Bitcoin while taking a short position in US dollars. This fund aims to passively track the spot price of Bitcoin. Launched on January 5, 2024, it is managed and issued by BlackRock.

investment, iShares, Bitcoin