Capstone Financial Advisors Inc. bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,592 shares of the company's stock, valued at approximately $350,000.
Other institutional investors also recently added to or reduced their stakes in the company. Andina Capital Management LLC lifted its position in shares of iShares Bitcoin Trust by 131.0% during the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company's stock valued at $910,000 after buying an additional 9,728 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in iShares Bitcoin Trust by 32.2% during the third 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 during the last quarter. Mutual Advisors LLC boosted its stake in iShares Bitcoin Trust by 65.8% in the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company's stock valued at $8,967,000 after acquiring an additional 62,338 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new position in iShares Bitcoin Trust in the third quarter worth $656,000. Finally, Stordahl Capital Management Inc. acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter worth $253,000.
iShares Bitcoin Trust Stock Down 1.3 %
Shares of iShares Bitcoin Trust stock traded down $0.71 during trading on Wednesday, reaching $53.51. The company's stock had a trading volume of 33,947,161 shares, compared to its average volume of 45,666,012. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The company has a 50-day simple moving average of $48.74 and a two-hundred day simple moving average of $50.95.
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.
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