Evanson Asset Management LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 5,466 shares of the company’s stock, valued at approximately $290,000.
Other institutional investors have also added to or reduced their stakes in the company. Vienna Asset Management LLC grew its position in shares of iShares Bitcoin Trust by 131.6% during the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after buying an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth approximately $656,000. B. Riley Wealth Advisors Inc. grew its position in shares of iShares Bitcoin Trust by 32.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after buying an additional 9,266 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth approximately $11,507,000. Finally, Marathon Trading Investment Management LLC grew its position in iShares Bitcoin Trust by 238.4% in the 3rd quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock valued at $2,804,000 after purchasing an additional 54,671 shares during the period.
iShares Bitcoin Trust Price Performance
NASDAQ IBIT opened at $59.62 on Tuesday. The company has a fifty day simple moving average of $55.08 and a 200 day simple moving average of $42.69. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $61.75.
iShares Bitcoin Trust Company Profile
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.
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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:IBIT – Free Report).
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