Lifeworks Advisors LLC Has $7.30 Million Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Lifeworks Advisors LLC raised its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 23.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,678 shares of the company’s stock after purchasing an additional 26,295 shares during the period. iShares Bitcoin Trust accounts for approximately 1.3% of Lifeworks Advisors LLC’s holdings, making the stock its 15th biggest holding. Lifeworks Advisors LLC’s holdings in iShares Bitcoin Trust were worth $7,304,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of IBIT. Pettinga Financial Advisors LLC lifted its holdings in iShares Bitcoin Trust by 34.8% in the third quarter. Pettinga Financial Advisors LLC now owns 8,630 shares of the company’s stock valued at $312,000 after buying an additional 2,230 shares during the period. Graypoint LLC raised its position in shares of iShares Bitcoin Trust by 26.9% during the 3rd quarter. Graypoint LLC now owns 16,860 shares of the company’s stock valued at $609,000 after acquiring an additional 3,576 shares during the last quarter. Advisor Resource Council acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at $219,000. Walkner Condon Financial Advisors LLC bought a new position in shares of iShares Bitcoin Trust in the 3rd quarter worth $444,000. Finally, Summit Global Investments grew its stake in shares of iShares Bitcoin Trust by 3.3% during the third quarter. Summit Global Investments now owns 11,214 shares of the company’s stock worth $405,000 after purchasing an additional 355 shares during the period.

iShares Bitcoin Trust Trading Down 2.4 %

NASDAQ IBIT opened at $49.43 on Friday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The stock has a 50-day simple moving average of $54.78 and a 200 day simple moving average of $47.20.

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.