Andina Capital Management LLC Purchases New Shares in iShares Bitcoin Trust (NASDAQ:IBIT)

Andina Capital Management LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,424 shares of the company’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IBIT. Asset Dedication LLC grew its holdings in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the period. Bfsg LLC boosted its stake in iShares Bitcoin Trust by 34.7% during the 2nd quarter. Bfsg LLC now owns 1,360 shares of the company’s stock worth $46,000 after acquiring an additional 350 shares during the last quarter. Doliver Advisors LP grew its holdings in iShares Bitcoin Trust by 4.9% during the third quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock valued at $273,000 after purchasing an additional 350 shares during the period. Cedar Mountain Advisors LLC increased its stake in iShares Bitcoin Trust by 39.1% in the second quarter. Cedar Mountain Advisors LLC now owns 1,362 shares of the company’s stock valued at $46,000 after purchasing an additional 383 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its position in shares of iShares Bitcoin Trust by 4.0% during the third quarter. Mirador Capital Partners LP now owns 10,057 shares of the company’s stock worth $363,000 after purchasing an additional 384 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

iShares Bitcoin Trust stock traded up $1.81 during mid-day trading on Tuesday, hitting $41.48. 44,735,781 shares of the company’s stock were exchanged, compared to its average volume of 30,548,008. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99. The company’s 50 day simple moving average is $35.39 and its 200-day simple moving average is $35.95.

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.