RIA Advisory Group LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

RIA Advisory Group LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,582 shares of the company’s stock, valued at approximately $563,000.

Several other institutional investors and hedge funds have also made changes to their positions in IBIT. Paragon Advisors LLC increased its stake in shares of iShares Bitcoin Trust by 54.8% during the 3rd quarter. Paragon Advisors LLC now owns 458,111 shares of the company’s stock worth $16,552,000 after purchasing an additional 162,178 shares in the last quarter. Evolution Wealth Advisors LLC grew its holdings in iShares Bitcoin Trust by 275.8% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 122,129 shares of the company’s stock valued at $4,413,000 after buying an additional 89,634 shares during the last quarter. Vishria Bird Financial Group LLC acquired a new stake in iShares Bitcoin Trust during the 3rd quarter valued at $4,491,000. Empowered Funds LLC purchased a new position in iShares Bitcoin Trust during the third quarter worth $2,298,000. Finally, Lifeworks Advisors LLC raised its holdings in shares of iShares Bitcoin Trust by 22.9% in the third quarter. Lifeworks Advisors LLC now owns 111,383 shares of the company’s stock worth $4,024,000 after acquiring an additional 20,746 shares during the last quarter.

iShares Bitcoin Trust Stock Up 4.8 %

IBIT opened at $52.13 on Friday. The business’s fifty day simple moving average is $38.39 and its 200 day simple moving average is $36.73. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $53.26.

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.