Lifeworks Advisors LLC Buys 20,746 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Lifeworks Advisors LLC increased its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 22.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,383 shares of the company’s stock after buying an additional 20,746 shares during the period. Lifeworks Advisors LLC’s holdings in iShares Bitcoin Trust were worth $4,024,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IBIT. Glass Jacobson Investment Advisors llc purchased a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at approximately $26,000. Asset Dedication LLC boosted its holdings in shares of iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after buying an additional 279 shares in the last quarter. Creekmur Asset Management LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $30,000. International Assets Investment Management LLC bought a new position in shares of iShares Bitcoin Trust in the 2nd quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares Bitcoin Trust during the 2nd quarter valued at about $36,000.

iShares Bitcoin Trust Trading Down 0.7 %

NASDAQ:IBIT traded down $0.35 during mid-day trading on Thursday, hitting $50.69. 18,181,164 shares of the company’s stock were exchanged, compared to its average volume of 32,191,408. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $53.26. The business has a fifty day moving average price of $37.24 and a 200 day moving average price of $36.42.

About iShares Bitcoin Trust

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.