Lifeworks Advisors LLC raised its holdings in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 22.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,383 shares of the company's stock after buying an additional 20,746 shares during the period. Lifeworks Advisors LLC's holdings in iShares Bitcoin Trust were worth $4,024,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBIT. Private Advisor Group LLC raised its stake in iShares Bitcoin Trust by 117.9% during the third quarter. Private Advisor Group LLC now owns 335,820 shares of the company's stock worth $12,133,000 after buying an additional 181,700 shares during the last quarter. IMC Chicago LLC purchased a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at $323,337,000. Kingsview Wealth Management LLC bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth approximately $1,403,000. Axxcess Wealth Management LLC purchased a new position in shares of iShares Bitcoin Trust during the 1st quarter valued at $965,000. Finally, Pachira Investments Inc. bought a new position in iShares Bitcoin Trust in the 3rd quarter worth about $1,214,000.
iShares Bitcoin Trust Stock Performance
NASDAQ:IBIT traded down $1.31 during mid-day trading on Thursday, reaching $49.73. The stock had a trading volume of 59,405,871 shares, compared to its average volume of 32,386,838. The firm has a 50 day moving average price of $37.60 and a two-hundred day moving average price of $36.53. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $53.26.
iShares Bitcoin Trust Company 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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