Edge Capital Group LLC Has $4.10 Million Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Edge Capital Group LLC lifted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 34.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,251 shares of the company’s stock after acquiring an additional 19,745 shares during the quarter. Edge Capital Group LLC’s holdings in iShares Bitcoin Trust were worth $4,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of IBIT. International Assets Investment Management LLC boosted its holdings in shares of iShares Bitcoin Trust by 3,513.0% in the 3rd quarter. International Assets Investment Management LLC now owns 32,517 shares of the company’s stock worth $1,175,000 after acquiring an additional 31,617 shares in the last quarter. Dakota Wealth Management boosted its holdings in shares of iShares Bitcoin Trust by 6.2% in the 3rd quarter. Dakota Wealth Management now owns 61,418 shares of the company’s stock worth $2,219,000 after acquiring an additional 3,592 shares in the last quarter. Pettinga Financial Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust by 34.8% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 8,630 shares of the company’s stock worth $312,000 after acquiring an additional 2,230 shares in the last quarter. Joel Isaacson & Co. LLC acquired a new position in iShares Bitcoin Trust during the 3rd quarter worth $253,000. Finally, Allworth Financial LP lifted its holdings in iShares Bitcoin Trust by 20.2% during the 3rd quarter. Allworth Financial LP now owns 18,999 shares of the company’s stock worth $686,000 after buying an additional 3,188 shares in the last quarter.

iShares Bitcoin Trust Stock Down 3.7 %

NASDAQ:IBIT opened at $53.94 on Monday. The stock’s fifty day moving average price is $56.07 and its two-hundred day moving average price is $46.27. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-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.