HighTower Advisors LLC Increases Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

HighTower Advisors LLC boosted its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 62.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 295,612 shares of the company’s stock after purchasing an additional 113,167 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Bitcoin Trust were worth $15,682,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vienna Asset Management LLC lifted its stake in iShares Bitcoin Trust by 131.6% during the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after acquiring an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC bought a new position in iShares Bitcoin Trust during the 3rd quarter valued at about $656,000. Andina Capital Management LLC lifted its stake in iShares Bitcoin Trust by 131.0% during the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock valued at $910,000 after acquiring an additional 9,728 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in 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 valued at $1,357,000 after acquiring an additional 9,266 shares during the period. Finally, Mutual Advisors LLC lifted its stake in iShares Bitcoin Trust by 65.8% during 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 period.

iShares Bitcoin Trust Stock Performance

IBIT opened at $48.14 on Friday. The company’s 50-day simple moving average is $54.02 and its two-hundred day simple moving average is $47.68. iShares Bitcoin Trust has a 52-week low of $28.23 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.