Pine Ridge Advisers LLC grew its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,208,075 shares of the company's stock after acquiring an additional 152,890 shares during the period. iShares Bitcoin Trust comprises about 10.4% of Pine Ridge Advisers LLC's portfolio, making the stock its 2nd largest holding. Pine Ridge Advisers LLC owned 0.34% of iShares Bitcoin Trust worth $117,138,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of IBIT. Andina Capital Management LLC boosted its stake in iShares Bitcoin Trust by 131.0% in the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company's stock worth $910,000 after purchasing an additional 9,728 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of iShares Bitcoin Trust by 32.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company's stock worth $1,357,000 after buying an additional 9,266 shares during the period. Mutual Advisors LLC grew its holdings in shares of iShares Bitcoin Trust by 65.8% during the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company's stock valued at $8,967,000 after buying an additional 62,338 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in iShares Bitcoin Trust during the third quarter valued at $656,000. Finally, Stordahl Capital Management Inc. purchased a new stake in iShares Bitcoin Trust in the 4th quarter worth about $253,000.
iShares Bitcoin Trust Trading Up 1.9 %
NASDAQ:IBIT traded up $1.01 on Friday, hitting $54.27. 48,008,306 shares of the company's stock 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 has a 50-day moving average price of $48.79 and a 200-day moving average price of $50.68.
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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