Pathway Financial Advisers LLC Grows Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Pathway Financial Advisers LLC boosted its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 52.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 665 shares of the company’s stock after acquiring an additional 230 shares during the quarter. Pathway Financial Advisers LLC’s holdings in iShares Bitcoin Trust were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBIT. Vienna Asset Management LLC lifted its stake in shares of iShares Bitcoin Trust by 131.6% in the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after acquiring an additional 15,137 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at approximately $656,000. Andina Capital Management LLC boosted its stake in shares of iShares Bitcoin Trust by 131.0% during the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock valued at $910,000 after buying an additional 9,728 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of 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 in the last quarter. Finally, Mutual Advisors LLC increased its stake 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 buying an additional 62,338 shares during the last quarter.

iShares Bitcoin Trust Stock Down 0.8 %

IBIT opened at $54.74 on Friday. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75. The firm’s fifty day moving average price is $56.33 and its 200 day moving average price is $45.22.

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.