DGS Capital Management LLC Takes $315,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

DGS Capital Management LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, Holdings Channel reports. The fund bought 5,931 shares of the company’s stock, valued at approximately $315,000.

Other large investors have also added to or reduced their stakes in the company. Vienna Asset Management LLC lifted its holdings in iShares Bitcoin Trust by 131.6% in the 3rd 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 in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in shares of iShares Bitcoin Trust in the third quarter worth about $656,000. B. Riley Wealth Advisors Inc. boosted its holdings in iShares Bitcoin Trust by 32.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after purchasing an additional 9,266 shares during the last quarter. Mutual Advisors LLC grew its stake in iShares Bitcoin Trust by 65.8% during the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after purchasing an additional 62,338 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in iShares Bitcoin Trust during the 3rd quarter worth approximately $11,507,000.

iShares Bitcoin Trust Stock Up 1.5 %

Shares of IBIT opened at $59.70 on Friday. iShares Bitcoin Trust has a 52-week low of $22.58 and a 52-week high of $61.75. The business’s 50 day moving average is $55.77 and its two-hundred day moving average is $43.38.

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.