Ridgewood Investments LLC grew its position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 76.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,980 shares of the company’s stock after purchasing an additional 3,030 shares during the period. Ridgewood Investments LLC’s holdings in iShares Bitcoin Trust were worth $370,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of IBIT. Vienna Asset Management LLC raised its holdings in shares of iShares Bitcoin Trust by 131.6% during the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after acquiring an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC bought a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth about $656,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of iShares Bitcoin Trust by 32.2% during the 3rd 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. Capstone Investment Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth about $11,507,000. Finally, Marathon Trading Investment Management LLC boosted its holdings in shares of iShares Bitcoin Trust by 238.4% during the 3rd quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock worth $2,804,000 after buying an additional 54,671 shares during the period.
iShares Bitcoin Trust Stock Performance
Shares of IBIT stock traded up $0.07 during midday trading on Friday, hitting $53.41. 25,018,914 shares of the company were exchanged, compared to its average volume of 41,537,965. The firm’s 50 day moving average price is $53.13 and its two-hundred day moving average price is $41.53. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $61.75.
iShares Bitcoin Trust Company Profile
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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