Spreng Capital Management Inc. Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Spreng Capital Management Inc. bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,553 shares of the company’s stock, valued at approximately $984,000.

Other large investors have also added to or reduced their stakes in the company. Andina Capital Management LLC boosted its stake in iShares Bitcoin Trust by 131.0% in the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock valued at $910,000 after purchasing an additional 9,728 shares during the period. B. Riley Wealth Advisors Inc. raised its position 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 valued at $1,357,000 after purchasing an additional 9,266 shares in the last quarter. Mutual Advisors LLC lifted its stake in iShares Bitcoin Trust by 65.8% during the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock worth $8,967,000 after purchasing an additional 62,338 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new position in iShares Bitcoin Trust in the third quarter valued at about $656,000. Finally, Stordahl Capital Management Inc. bought a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at $253,000.

iShares Bitcoin Trust Stock Down 1.5 %

Shares of IBIT opened at $43.59 on Wednesday. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75. The business has a 50-day simple moving average of $50.59 and a two-hundred day simple moving average of $49.46.

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.