Oxford Wealth Group LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,245 shares of the company's stock, valued at approximately $437,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Andina Capital Management LLC grew its holdings in iShares Bitcoin Trust by 131.0% in the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company's stock valued at $910,000 after purchasing an additional 9,728 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in iShares Bitcoin Trust by 32.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company's stock valued at $1,357,000 after acquiring an additional 9,266 shares in the last quarter. Mutual Advisors LLC raised its position in iShares Bitcoin Trust by 65.8% during the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company's stock worth $8,967,000 after acquiring an additional 62,338 shares during the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in shares of iShares Bitcoin Trust in the third quarter valued at about $656,000. Finally, Stordahl Capital Management Inc. acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $253,000.
iShares Bitcoin Trust Price Performance
NASDAQ:IBIT traded up $1.01 during trading hours on Friday, reaching $54.27. 48,008,306 shares of the company traded hands, compared to its average volume of 46,148,855. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The firm's 50-day moving average is $48.77 and its 200-day moving average is $50.44.
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
