Stordahl Capital Management Inc. Acquires New Shares in iShares Bitcoin Trust (NASDAQ:IBIT)

Stordahl Capital Management Inc. acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,763 shares of the company's stock, valued at approximately $253,000.

Other hedge funds also recently modified their holdings of the company. Vienna Asset Management LLC boosted its position in 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 acquiring an additional 15,137 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new position in shares of iShares Bitcoin Trust in the third quarter valued at about $656,000. Andina Capital Management LLC lifted 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 acquiring an additional 9,728 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in 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. Finally, Mutual Advisors LLC increased its position in iShares Bitcoin Trust by 65.8% during the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company's stock worth $8,967,000 after acquiring an additional 62,338 shares during the period.

iShares Bitcoin Trust Stock Up 0.6 %

Shares of NASDAQ IBIT traded up $0.38 during midday trading on Thursday, reaching $59.72. The company's stock had a trading volume of 33,241,877 shares, compared to its average volume of 48,481,516. iShares Bitcoin Trust has a fifty-two week low of $24.13 and a fifty-two week high of $61.75. The business's 50 day moving average price is $56.09 and its two-hundred day moving average price is $43.91.

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.