J.W. Cole Advisors Inc. Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

J.W. Cole Advisors Inc. bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, HoldingsChannel.com reports. The firm bought 10,838 shares of the company’s stock, valued at approximately $575,000.

Other institutional investors have also made changes to their positions in the company. Vienna Asset Management LLC boosted its position in shares of 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 in the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at about $656,000. Andina Capital Management LLC boosted its position in 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 in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in 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 valued at $1,357,000 after buying an additional 9,266 shares in the last quarter. Finally, Mutual Advisors LLC boosted its position in iShares Bitcoin Trust by 65.8% in the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after buying an additional 62,338 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $54.65 on Thursday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The company’s 50-day moving average price is $56.17 and its two-hundred day moving average price is $45.84.

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.