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Genesee Capital Advisors LLC Purchases 11,916 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

iShares Bitcoin Trust logo with Finance, Insurance, And Real Estate background

Genesee Capital Advisors LLC increased its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 25.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,604 shares of the company's stock after acquiring an additional 11,916 shares during the quarter. iShares Bitcoin Trust comprises about 1.4% of Genesee Capital Advisors LLC's investment portfolio, making the stock its 12th largest position. Genesee Capital Advisors LLC's holdings in iShares Bitcoin Trust were worth $3,109,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in iShares Bitcoin Trust by 42.6% in the second quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company's stock valued at $3,704,000 after purchasing an additional 32,416 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of iShares Bitcoin Trust in the 2nd quarter valued at about $505,000. Thrivent Financial for Lutherans raised its position in shares of iShares Bitcoin Trust by 12.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company's stock valued at $529,000 after acquiring an additional 1,748 shares during the period. Bank of Montreal Can boosted its stake in iShares Bitcoin Trust by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 134,332 shares of the company's stock worth $4,586,000 after acquiring an additional 723 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in iShares Bitcoin Trust during the second quarter valued at approximately $3,581,000.

iShares Bitcoin Trust Trading Down 3.4 %

IBIT traded down $2.01 during mid-day trading on Friday, hitting $57.71. The stock had a trading volume of 41,697,864 shares, compared to its average volume of 48,171,039. The stock's fifty day simple moving average is $56.19 and its 200-day simple moving average is $44.22. iShares Bitcoin Trust has a 1-year low of $24.13 and a 1-year high of $61.75.

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.

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Institutional Ownership by Quarter for iShares Bitcoin Trust (NASDAQ:IBIT)

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