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:IBITFree Report) 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

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBITFree Report).

Institutional Ownership by Quarter for iShares Bitcoin Trust (NASDAQ:IBIT)

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