Allworth Financial LP Acquires 6,460 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Allworth Financial LP increased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 34.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,459 shares of the company’s stock after purchasing an additional 6,460 shares during the quarter. Allworth Financial LP’s holdings in iShares Bitcoin Trust were worth $1,351,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Palumbo Wealth Management LLC bought a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $658,000. Beacon Capital Management LLC acquired a new position in iShares Bitcoin Trust in the 4th quarter worth $28,000. Aveo Capital Partners LLC increased its holdings in iShares Bitcoin Trust by 46.2% during the 4th quarter. Aveo Capital Partners LLC now owns 43,991 shares of the company’s stock worth $2,334,000 after purchasing an additional 13,904 shares in the last quarter. Manchester Capital Management LLC increased its holdings in iShares Bitcoin Trust by 205.0% during the 4th quarter. Manchester Capital Management LLC now owns 2,782 shares of the company’s stock worth $148,000 after purchasing an additional 1,870 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at about $1,173,000.

iShares Bitcoin Trust Stock Down 3.3 %

IBIT stock opened at $53.51 on Wednesday. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The business has a 50-day moving average of $56.26 and a 200-day moving average of $45.65.

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.