B. Riley Wealth Advisors Inc. Buys 9,266 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

B. Riley Wealth Advisors Inc. increased its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 32.2% in the third quarter, HoldingsChannel reports. The firm owned 38,078 shares of the company’s stock after purchasing an additional 9,266 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in iShares Bitcoin Trust were worth $1,357,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IBIT. Asset Dedication LLC increased its stake in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in iShares Bitcoin Trust by 40.2% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after purchasing an additional 304 shares during the period. Bfsg LLC increased its stake in shares of iShares Bitcoin Trust by 34.7% during the second quarter. Bfsg LLC now owns 1,360 shares of the company’s stock valued at $46,000 after purchasing an additional 350 shares in the last quarter. Doliver Advisors LP lifted its holdings in shares of iShares Bitcoin Trust by 4.9% during the third quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock valued at $273,000 after purchasing an additional 350 shares during the last quarter. Finally, Summit Global Investments boosted its position in shares of iShares Bitcoin Trust by 3.3% in the 3rd quarter. Summit Global Investments now owns 11,214 shares of the company’s stock worth $405,000 after purchasing an additional 355 shares in the last quarter.

iShares Bitcoin Trust Stock Up 4.0 %

IBIT stock opened at $60.22 on Tuesday. The business has a 50 day moving average of $46.52 and a 200 day moving average of $39.31. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $61.47.

iShares Bitcoin Trust 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.