Evolution Wealth Advisors LLC increased its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 275.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,129 shares of the company's stock after purchasing an additional 89,634 shares during the quarter. iShares Bitcoin Trust makes up approximately 0.8% of Evolution Wealth Advisors LLC's holdings, making the stock its 28th biggest holding. Evolution Wealth Advisors LLC's holdings in iShares Bitcoin Trust were worth $4,413,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc acquired a new stake in iShares Bitcoin Trust in the second quarter worth about $26,000. Asset Dedication LLC boosted its stake in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company's stock worth $29,000 after acquiring an additional 279 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in iShares Bitcoin Trust during the first quarter valued at approximately $30,000. International Assets Investment Management LLC acquired a new stake in iShares Bitcoin Trust in the second quarter worth $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of iShares Bitcoin Trust during the second quarter worth $36,000.
iShares Bitcoin Trust Stock Performance
iShares Bitcoin Trust stock traded up $2.40 during mid-day trading on Friday, hitting $52.13. 46,939,425 shares of the company's stock were exchanged, compared to its average volume of 32,457,395. The company's 50 day simple moving average is $38.39 and its 200-day simple moving average is $36.73. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $53.26.
About iShares Bitcoin Trust
(
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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