Stordahl Capital Management Inc. Buys Shares of 4,763 iShares Bitcoin Trust (NASDAQ:IBIT)

Stordahl Capital Management Inc. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,763 shares of the company’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in iShares Bitcoin Trust by 42.6% in the second quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock valued at $3,704,000 after purchasing an additional 32,416 shares in the last quarter. Renaissance Technologies LLC bought a new position in iShares Bitcoin Trust during the second quarter worth about $505,000. Thrivent Financial for Lutherans lifted its position in shares of iShares Bitcoin Trust by 12.7% in the second quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company’s stock valued at $529,000 after buying an additional 1,748 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of iShares Bitcoin Trust by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 134,332 shares of the company’s stock worth $4,586,000 after acquiring an additional 723 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $3,581,000.

iShares Bitcoin Trust Stock Up 3.1 %

Shares of iShares Bitcoin Trust stock opened at $59.34 on Thursday. The business has a fifty day simple moving average of $55.98 and a two-hundred day simple moving average of $43.80. iShares Bitcoin Trust has a 1 year low of $24.13 and a 1 year high of $61.75.

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.