Acorn Financial Advisory Services Inc. ADV increased its stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 657.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,922 shares of the company's stock after acquiring an additional 238,640 shares during the period. iShares Bitcoin Trust makes up about 2.4% of Acorn Financial Advisory Services Inc. ADV's holdings, making the stock its 12th largest holding. Acorn Financial Advisory Services Inc. ADV's holdings in iShares Bitcoin Trust were worth $14,585,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pennington Partners & CO. LLC acquired a new position in iShares Bitcoin Trust during the 4th quarter worth approximately $232,000. Mercer Global Advisors Inc. ADV lifted its position in shares of iShares Bitcoin Trust by 219.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 126,582 shares of the company's stock worth $6,715,000 after purchasing an additional 86,909 shares during the last quarter. FAS Wealth Partners Inc. grew its stake in shares of iShares Bitcoin Trust by 35.8% during the fourth quarter. FAS Wealth Partners Inc. now owns 12,371 shares of the company's stock worth $656,000 after purchasing an additional 3,264 shares in the last quarter. Fifth Lane Capital LP purchased a new position in iShares Bitcoin Trust in the fourth quarter valued at $1,061,000. Finally, Bison Wealth LLC acquired a new stake in iShares Bitcoin Trust in the fourth quarter valued at $3,140,000.
iShares Bitcoin Trust Stock Up 2.7 %
NASDAQ:IBIT opened at $54.95 on Friday. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75. The stock has a 50-day simple moving average of $48.76 and a 200-day simple moving average of $51.08.
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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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT - Free Report).
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