Financial Engines Advisors L.L.C. boosted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 26.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 319,558 shares of the company's stock after buying an additional 67,660 shares during the period. Financial Engines Advisors L.L.C.'s holdings in iShares Bitcoin Trust were worth $16,953,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Signature Estate & Investment Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth about $251,000. FineMark National Bank & Trust bought a new position in iShares Bitcoin Trust in the 4th quarter valued at $538,000. Colony Family Offices LLC purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at $559,000. Modern Wealth Management LLC bought a new position in shares of iShares Bitcoin Trust in the fourth quarter worth $408,000. Finally, Horrell Capital Management Inc. raised its position in shares of iShares Bitcoin Trust by 66.9% in the fourth quarter. Horrell Capital Management Inc. now owns 1,699 shares of the company's stock worth $90,000 after buying an additional 681 shares in the last quarter.
iShares Bitcoin Trust Price Performance
NASDAQ:IBIT traded down $1.88 during trading hours on Friday, hitting $47.56. 37,515,018 shares of the company's stock traded hands, compared to its average volume of 45,216,676. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The business's fifty day simple moving average is $52.64 and its two-hundred day simple moving average is $48.78.
iShares Bitcoin Trust Company Profile
(
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.
See Also
Before you consider iShares Bitcoin Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iShares Bitcoin Trust wasn't on the list.
While iShares Bitcoin Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
