Rossby Financial LCC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,700 shares of the company's stock, valued at approximately $355,000.
A number of other hedge funds have also added to or reduced their stakes in IBIT. XTX Topco Ltd bought a new position in shares of iShares Bitcoin Trust in the third quarter valued at approximately $303,000. Orion Portfolio Solutions LLC raised its position in iShares Bitcoin Trust by 9.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,101 shares of the company's stock valued at $293,000 after buying an additional 694 shares during the last quarter. SOA Wealth Advisors LLC. lifted its stake in iShares Bitcoin Trust by 38.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,619 shares of the company's stock valued at $58,000 after acquiring an additional 450 shares in the last quarter. Pine Valley Investments Ltd Liability Co purchased a new position in iShares Bitcoin Trust during the 3rd quarter worth $353,000. Finally, Sanctuary Advisors LLC grew its stake in shares of iShares Bitcoin Trust by 723.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 88,811 shares of the company's stock worth $3,209,000 after acquiring an additional 78,022 shares in the last quarter.
iShares Bitcoin Trust Stock Up 0.6 %
Shares of IBIT traded up $0.30 during trading hours on Friday, reaching $48.26. 23,726,023 shares of the stock traded hands, compared to its average volume of 45,494,238. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The stock has a fifty day simple moving average of $49.02 and a 200 day simple moving average of $49.97.
About iShares Bitcoin Trust
(
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.
Further Reading
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
