GSG Advisors LLC lifted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,609 shares of the company’s stock after buying an additional 550 shares during the quarter. GSG Advisors LLC’s holdings in iShares Bitcoin Trust were worth $563,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Parallel Advisors LLC increased its position in iShares Bitcoin Trust by 37.5% during the 2nd quarter. Parallel Advisors LLC now owns 14,859 shares of the company’s stock valued at $507,000 after buying an additional 4,050 shares in the last quarter. Wealthspire Advisors LLC bought a new position in shares of iShares Bitcoin Trust during the second quarter valued at $526,000. Envestnet Asset Management Inc. increased its holdings in shares of iShares Bitcoin Trust by 42.6% during the second quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock valued at $3,704,000 after acquiring an additional 32,416 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of iShares Bitcoin Trust in the 2nd quarter worth about $43,000. Finally, Black Diamond Financial LLC bought a new position in iShares Bitcoin Trust in the 2nd quarter worth about $349,000.
iShares Bitcoin Trust Price Performance
Shares of IBIT stock opened at $53.22 on Tuesday. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $61.75. The company’s 50-day moving average is $53.72 and its 200 day moving average is $41.89.
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.
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