B. Riley Wealth Advisors Inc. increased its stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 32.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,078 shares of the company's stock after purchasing an additional 9,266 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in iShares Bitcoin Trust were worth $1,357,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc purchased a new position in iShares Bitcoin Trust during the 2nd quarter valued at about $26,000. Asset Dedication LLC grew its stake in iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company's stock valued at $29,000 after acquiring an additional 279 shares in the last quarter. International Assets Investment Management LLC purchased a new position in iShares Bitcoin Trust during the second quarter valued at approximately $31,000. Hantz Financial Services Inc. bought a new stake in iShares Bitcoin Trust during the 2nd quarter worth approximately $36,000. Finally, West Financial Advisors LLC purchased a new stake in iShares Bitcoin Trust in the 3rd quarter worth approximately $40,000.
iShares Bitcoin Trust Stock Up 0.8 %
Shares of IBIT traded up $0.51 during mid-day trading on Tuesday, reaching $60.73. 49,335,476 shares of the stock traded hands, compared to its average volume of 34,810,770. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $61.75. The firm has a fifty day moving average price of $47.00 and a 200 day moving average price of $39.46.
iShares Bitcoin Trust Profile
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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.
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