iShares Bitcoin Trust ETF $IBIT Shares Purchased by Powell Investment Advisors LLC

Powell Investment Advisors LLC boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 69.5% in the 4th quarter, Holdings Channel reports. The firm owned 34,524 shares of the company’s stock after acquiring an additional 14,153 shares during the quarter. iShares Bitcoin Trust ETF accounts for about 0.6% of Powell Investment Advisors LLC’s portfolio, making the stock its 26th largest position. Powell Investment Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,714,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Laurore Ltd acquired a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at $436,239,000. Schonfeld Strategic Advisors LLC raised its stake in iShares Bitcoin Trust ETF by 19.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after purchasing an additional 1,093,183 shares during the last quarter. Sculptor Capital LP raised its stake in iShares Bitcoin Trust ETF by 59.5% in the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after purchasing an additional 1,673,788 shares during the last quarter. 59 North Capital Management LP acquired a new position in iShares Bitcoin Trust ETF in the 3rd quarter valued at $169,100,000. Finally, Crcm LP raised its stake in iShares Bitcoin Trust ETF by 37.7% in the 3rd quarter. Crcm LP now owns 2,214,074 shares of the company’s stock valued at $143,915,000 after purchasing an additional 605,992 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $42.96 on Friday. The business has a fifty day moving average price of $42.13 and a 200 day moving average price of $45.99. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82.

About iShares Bitcoin Trust ETF

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.