Howard Capital Management Group LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the fourth quarter, HoldingsChannel.com reports. The firm bought 14,800 shares of the company’s stock, valued at approximately $785,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in IBIT. Vienna Asset Management LLC lifted its position in iShares Bitcoin Trust by 131.6% during the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after purchasing an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at approximately $656,000. B. Riley Wealth Advisors Inc. raised its position in shares of 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 valued at $1,357,000 after buying an additional 9,266 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth approximately $11,507,000. Finally, Marathon Trading Investment Management LLC boosted its position in shares of iShares Bitcoin Trust by 238.4% during the 3rd quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock worth $2,804,000 after acquiring an additional 54,671 shares in the last quarter.
iShares Bitcoin Trust Stock Performance
Shares of IBIT opened at $60.42 on Wednesday. The firm has a 50 day simple moving average of $55.08 and a two-hundred day simple moving average of $42.69. iShares Bitcoin Trust has a one year low of $22.02 and a one year 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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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