DGS Capital Management LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

DGS Capital Management LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,931 shares of the company’s stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vienna Asset Management LLC lifted its stake in shares of iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after purchasing an additional 15,137 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in iShares Bitcoin Trust during the third quarter valued at approximately $656,000. B. Riley Wealth Advisors Inc. grew its stake in iShares Bitcoin Trust by 32.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after buying an additional 9,266 shares during the period. Mutual Advisors LLC increased its position 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 worth $8,967,000 after acquiring an additional 62,338 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at $11,507,000.

iShares Bitcoin Trust Stock Up 1.5 %

Shares of iShares Bitcoin Trust stock opened at $59.70 on Friday. iShares Bitcoin Trust has a twelve month low of $22.58 and a twelve month high of $61.75. The company has a fifty day moving average price of $55.77 and a 200 day moving average price of $43.38.

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.