Beacon Capital Management LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Beacon Capital Management LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 520 shares of the company’s stock, valued at approximately $28,000.

A number of other institutional investors also recently modified their holdings of IBIT. Vienna Asset Management LLC raised its position in iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after purchasing an additional 15,137 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new position in iShares Bitcoin Trust in the 3rd quarter worth approximately $656,000. Andina Capital Management LLC raised its position in iShares Bitcoin Trust by 131.0% in the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock worth $910,000 after purchasing an additional 9,728 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in iShares Bitcoin Trust by 32.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after purchasing an additional 9,266 shares during the last quarter. Finally, Mutual Advisors LLC raised its position in iShares Bitcoin Trust by 65.8% in the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock worth $8,967,000 after purchasing an additional 62,338 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

IBIT stock opened at $55.33 on Monday. The company has a 50 day moving average price of $56.25 and a 200 day moving average price of $45.51. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75.

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.