Stordahl Capital Management Inc. purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,763 shares of the company's stock, valued at approximately $253,000.
Several other hedge funds have also recently bought and sold shares of IBIT. Envestnet Asset Management Inc. boosted its position in shares of iShares Bitcoin Trust by 42.6% in the second quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company's stock valued at $3,704,000 after acquiring an additional 32,416 shares during the period. Renaissance Technologies LLC acquired a new stake in iShares Bitcoin Trust in the 2nd quarter worth about $505,000. Thrivent Financial for Lutherans boosted its holdings in iShares Bitcoin Trust by 12.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company's stock valued at $529,000 after purchasing an additional 1,748 shares during the period. Bank of Montreal Can grew its position in shares of iShares Bitcoin Trust by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 134,332 shares of the company's stock worth $4,586,000 after purchasing an additional 723 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of iShares Bitcoin Trust during the second quarter worth approximately $3,581,000.
iShares Bitcoin Trust Stock Down 3.4 %
Shares of NASDAQ IBIT traded down $2.01 during midday trading on Friday, reaching $57.71. The company's stock had a trading volume of 41,697,864 shares, compared to its average volume of 48,171,039. iShares Bitcoin Trust has a fifty-two week low of $24.13 and a fifty-two week high of $61.75. The business's 50 day moving average price is $56.19 and its two-hundred day moving average price is $44.22.
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.
See Also
Before you consider iShares Bitcoin Trust ETF, 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 ETF wasn't on the list.
While iShares Bitcoin Trust ETF currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
