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

Coordinated Financial Services Inc. CO purchased a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) 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

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.