Perennial Investment Advisors LLC Acquires New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Perennial Investment Advisors LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,119 shares of the company’s stock, valued at approximately $696,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBIT. Andina Capital Management LLC raised its position in shares of iShares Bitcoin Trust by 131.0% in 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. grew its stake in iShares Bitcoin Trust by 32.2% in the 3rd 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 period. Mutual Advisors LLC raised its holdings in iShares Bitcoin Trust by 65.8% in the 4th 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 during the last quarter. Garden State Investment Advisory Services LLC purchased a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth $656,000. Finally, Stordahl Capital Management Inc. acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $253,000.

iShares Bitcoin Trust Trading Up 2.4 %

iShares Bitcoin Trust stock opened at $47.71 on Friday. The stock has a fifty day moving average price of $51.45 and a 200 day moving average price of $49.29. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.

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.