Hutchens & Kramer Investment Management Group LLC Buys Shares of 3,824 iShares Bitcoin Trust (NASDAQ:IBIT)

Hutchens & Kramer Investment Management Group LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,824 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors also recently bought and sold shares of the company. Vienna Asset Management LLC boosted its stake in iShares Bitcoin Trust by 131.6% in the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after acquiring an additional 15,137 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in iShares Bitcoin Trust in the third quarter valued at approximately $656,000. B. Riley Wealth Advisors Inc. boosted its stake in iShares Bitcoin Trust by 32.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after acquiring an additional 9,266 shares in the last quarter. Mutual Advisors LLC boosted its stake in iShares Bitcoin Trust by 65.8% in the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after acquiring an additional 62,338 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in iShares Bitcoin Trust in the third quarter valued at approximately $11,507,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT opened at $57.85 on Tuesday. iShares Bitcoin Trust has a twelve month low of $23.88 and a twelve month high of $61.75. The company has a 50 day moving average of $55.77 and a two-hundred day moving average of $43.45.

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.