Andina Capital Management LLC Has $910,000 Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Andina Capital Management LLC raised its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 131.0% during the 4th quarter, HoldingsChannel reports. The firm owned 17,152 shares of the company’s stock after purchasing an additional 9,728 shares during the quarter. Andina Capital Management LLC’s holdings in iShares Bitcoin Trust were worth $910,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vienna Asset Management LLC grew its stake in shares of iShares Bitcoin Trust by 131.6% in 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 last quarter. Garden State Investment Advisory Services LLC acquired a new stake in shares of iShares Bitcoin Trust in the third quarter worth $656,000. B. Riley Wealth Advisors Inc. grew its stake in shares of iShares Bitcoin Trust by 32.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after acquiring an additional 9,266 shares during the last quarter. Mutual Advisors LLC grew its stake in shares of iShares Bitcoin Trust by 65.8% in the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock worth $8,967,000 after acquiring an additional 62,338 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust in the third quarter worth $11,507,000.

iShares Bitcoin Trust Stock Performance

Shares of iShares Bitcoin Trust stock opened at $59.70 on Friday. iShares Bitcoin Trust has a 1 year low of $22.58 and a 1 year high of $61.75. The company’s fifty day simple moving average is $55.77 and its 200-day simple moving average is $43.38.

iShares Bitcoin Trust 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.