Mill Creek Capital Advisors LLC bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 61,609 shares of the company's stock, valued at approximately $2,226,000.
Other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC grew its stake in shares of iShares Bitcoin Trust by 117.9% during the third quarter. Private Advisor Group LLC now owns 335,820 shares of the company's stock valued at $12,133,000 after purchasing an additional 181,700 shares during the last quarter. Paragon Advisors LLC raised its stake in shares of iShares Bitcoin Trust by 54.8% in the 3rd quarter. Paragon Advisors LLC now owns 458,111 shares of the company's stock valued at $16,552,000 after purchasing an additional 162,178 shares during the period. Lifeworks Advisors LLC boosted its position in iShares Bitcoin Trust by 22.9% during the 3rd quarter. Lifeworks Advisors LLC now owns 111,383 shares of the company's stock worth $4,024,000 after acquiring an additional 20,746 shares during the last quarter. IMC Chicago LLC acquired a new stake in iShares Bitcoin Trust in the 3rd quarter valued at $323,337,000. Finally, Axxcess Wealth Management LLC bought a new position in iShares Bitcoin Trust in the first quarter valued at approximately $965,000.
iShares Bitcoin Trust Trading Up 4.8 %
iShares Bitcoin Trust stock traded up $2.40 during midday trading on Friday, reaching $52.13. 46,939,425 shares of the company's stock were exchanged, compared to its average volume of 32,457,395. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $53.26. The stock's 50-day simple moving average is $38.39 and its 200 day simple moving average is $36.75.
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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