Mutual Advisors LLC Increases Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Mutual Advisors LLC boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 14.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 94,722 shares of the company’s stock after purchasing an additional 11,942 shares during the period. Mutual Advisors LLC’s holdings in iShares Bitcoin Trust were worth $3,682,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. FinTrust Capital Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the first quarter valued at $26,000. Creekmur Asset Management LLC purchased a new stake in iShares Bitcoin Trust during the 1st quarter valued at about $30,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of iShares Bitcoin Trust in the second quarter valued at about $26,000. Asset Dedication LLC lifted its holdings in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in iShares Bitcoin Trust in the second quarter valued at approximately $31,000.

iShares Bitcoin Trust Price Performance

IBIT opened at $40.88 on Thursday. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $41.99. The firm has a 50 day moving average of $35.65 and a two-hundred day moving average of $36.01.

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.