Mill Creek Capital Advisors LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Mill Creek Capital Advisors LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 61,609 shares of the company’s stock, valued at approximately $2,226,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in shares of iShares Bitcoin Trust in the first quarter worth about $42,000. Dorsey & Whitney Trust CO LLC bought a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $325,000. Covestor Ltd acquired a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $107,000. Resurgent Financial Advisors LLC bought a new position in iShares Bitcoin Trust in the first quarter valued at approximately $834,000. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of iShares Bitcoin Trust in the first quarter valued at approximately $711,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $52.13 on Friday. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $53.26. The firm has a fifty day moving average of $38.39 and a 200-day moving average of $36.73.

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.