Avantax Advisory Services Inc. Buys Shares of 21,718 iShares Bitcoin Trust (NASDAQ:IBIT)

Avantax Advisory Services Inc. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 21,718 shares of the company’s stock, valued at approximately $1,152,000.

A number of other institutional investors have also modified their holdings of IBIT. Proficio Capital Partners LLC grew its position in iShares Bitcoin Trust by 6,401.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after acquiring an additional 4,573,794 shares in the last quarter. NINE MASTS CAPITAL Ltd boosted its stake in shares of iShares Bitcoin Trust by 29.6% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock valued at $80,541,000 after purchasing an additional 346,918 shares during the period. Horizon Kinetics Asset Management LLC grew its holdings in shares of iShares Bitcoin Trust by 11.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock valued at $29,114,000 after purchasing an additional 85,763 shares in the last quarter. Parallax Volatility Advisers L.P. increased its stake in iShares Bitcoin Trust by 127.6% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after buying an additional 370,000 shares during the period. Finally, Clear Street Derivatives LLC acquired a new stake in iShares Bitcoin Trust during the 3rd quarter worth approximately $23,686,000.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $48.61 on Thursday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The company has a fifty day simple moving average of $53.57 and a two-hundred day simple moving average of $47.98.

iShares Bitcoin Trust 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.