Hoey Investments Inc. Boosts Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Hoey Investments Inc. raised its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 188.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,595 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. Hoey Investments Inc.’s holdings in iShares Bitcoin Trust were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBIT. Vienna Asset Management LLC boosted its stake in shares of iShares Bitcoin Trust by 131.6% in the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after buying an additional 15,137 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth $656,000. Andina Capital Management LLC grew its stake in shares of iShares Bitcoin Trust by 131.0% during the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock worth $910,000 after purchasing an additional 9,728 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings 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 purchasing an additional 9,266 shares in the last quarter. Finally, Mutual Advisors LLC lifted its stake in shares of 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 purchasing an additional 62,338 shares during the period.

iShares Bitcoin Trust Trading Down 3.8 %

IBIT stock opened at $47.56 on Monday. The firm has a 50 day moving average of $52.64 and a 200-day moving average of $48.90. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month 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.