ORG Partners LLC Raises Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

ORG Partners LLC increased its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 704.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,284 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. ORG Partners LLC’s holdings in iShares Bitcoin Trust were worth $83,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Oxler Private Wealth LLC grew its position in iShares Bitcoin Trust by 1.6% during the third quarter. Oxler Private Wealth LLC now owns 472,943 shares of the company’s stock worth $17,087,000 after buying an additional 7,465 shares during the period. HCR Wealth Advisors boosted its stake in shares of iShares Bitcoin Trust by 144.8% during the 3rd quarter. HCR Wealth Advisors now owns 29,975 shares of the company’s stock worth $1,083,000 after acquiring an additional 17,730 shares in the last quarter. Requisite Capital Management LLC grew its holdings in shares of iShares Bitcoin Trust by 33.8% in the 3rd quarter. Requisite Capital Management LLC now owns 105,716 shares of the company’s stock worth $3,820,000 after acquiring an additional 26,682 shares during the period. Octavia Wealth Advisors LLC purchased a new position in iShares Bitcoin Trust in the 3rd quarter valued at approximately $320,000. Finally, Fermata Advisors LLC acquired a new position in iShares Bitcoin Trust during the third quarter worth $213,000.

iShares Bitcoin Trust Trading Up 1.6 %

IBIT opened at $38.17 on Wednesday. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $41.99. The business’s fifty day moving average is $34.48 and its two-hundred day moving average is $35.99.

About iShares Bitcoin Trust

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.