Garden State Investment Advisory Services LLC Purchases New Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Garden State Investment Advisory Services LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 18,150 shares of the company’s stock, valued at approximately $656,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBIT. Franklin Resources Inc. bought a new position in iShares Bitcoin Trust during the 3rd quarter valued at about $1,107,000. Tidal Investments LLC boosted its holdings in shares of iShares Bitcoin Trust by 12.4% in the 3rd quarter. Tidal Investments LLC now owns 228,354 shares of the company’s stock worth $8,250,000 after acquiring an additional 25,232 shares in the last quarter. World Investment Advisors LLC increased its holdings in iShares Bitcoin Trust by 31.1% during the 3rd quarter. World Investment Advisors LLC now owns 11,888 shares of the company’s stock valued at $430,000 after purchasing an additional 2,823 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in iShares Bitcoin Trust by 723.2% in the third quarter. Sanctuary Advisors LLC now owns 88,811 shares of the company’s stock worth $3,209,000 after purchasing an additional 78,022 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co bought a new stake in shares of iShares Bitcoin Trust during the third quarter worth $353,000.

iShares Bitcoin Trust Stock Performance

Shares of iShares Bitcoin Trust stock traded up $0.62 during trading on Friday, reaching $57.54. The company’s stock had a trading volume of 6,634,265 shares, compared to its average volume of 34,477,430. The stock has a 50-day moving average price of $46.07 and a two-hundred day moving average price of $39.18. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $59.16.

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.