Relyea Zuckerberg Hanson LLC Takes $364,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Relyea Zuckerberg Hanson LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 6,870 shares of the company’s stock, valued at approximately $364,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vienna Asset Management LLC raised its stake in shares of iShares Bitcoin Trust by 131.6% in the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after buying an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC purchased a new stake in iShares Bitcoin Trust in the 3rd quarter worth approximately $656,000. B. Riley Wealth Advisors Inc. raised its stake in iShares Bitcoin Trust by 32.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after acquiring an additional 9,266 shares during the period. Capstone Investment Advisors LLC purchased a new position in iShares Bitcoin Trust during the third quarter valued at approximately $11,507,000. Finally, Marathon Trading Investment Management LLC boosted its position in shares of iShares Bitcoin Trust by 238.4% in the third quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock worth $2,804,000 after purchasing an additional 54,671 shares during the period.

iShares Bitcoin Trust Stock Up 2.7 %

Shares of IBIT stock traded up $1.52 on Friday, hitting $58.61. 7,495,577 shares of the stock traded hands, compared to its average volume of 39,001,738. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $61.75. The firm has a 50 day simple moving average of $54.56 and a two-hundred day simple moving average of $42.24.

iShares Bitcoin Trust Company 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.