Valley National Advisers Inc. Buys 1,173 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Valley National Advisers Inc. grew its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 191.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,787 shares of the company’s stock after purchasing an additional 1,173 shares during the period. Valley National Advisers Inc.’s holdings in iShares Bitcoin Trust were worth $94,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in IBIT. Vienna Asset Management LLC lifted 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 valued at $963,000 after acquiring an additional 15,137 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth about $656,000. Andina Capital Management LLC increased its position in iShares Bitcoin Trust by 131.0% during the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock worth $910,000 after buying an additional 9,728 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake 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 valued at $1,357,000 after acquiring an additional 9,266 shares during the period. Finally, Mutual Advisors LLC lifted its stake in shares of iShares Bitcoin Trust by 65.8% during the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock worth $8,967,000 after buying an additional 62,338 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ:IBIT opened at $57.71 on Monday. The business has a 50 day moving average of $56.19 and a 200-day moving average of $44.22. iShares Bitcoin Trust has a 12-month low of $24.13 and a 12-month 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.