Dynamic Advisor Solutions LLC Buys 4,968 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Dynamic Advisor Solutions LLC boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 72.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,796 shares of the company’s stock after purchasing an additional 4,968 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in iShares Bitcoin Trust were worth $626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vienna Asset Management LLC boosted its holdings in shares of iShares Bitcoin Trust by 131.6% during 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 during the period. Garden State Investment Advisory Services LLC bought a new stake in iShares Bitcoin Trust during the third quarter valued at about $656,000. B. Riley Wealth Advisors Inc. grew its position in shares of 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 increased its stake in shares of iShares Bitcoin Trust by 65.8% in the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock worth $8,967,000 after purchasing an additional 62,338 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth about $11,507,000.

iShares Bitcoin Trust Stock Down 3.1 %

IBIT opened at $57.85 on Tuesday. The stock’s 50 day moving average price is $55.77 and its two-hundred day moving average price is $43.45. iShares Bitcoin Trust has a 12-month low of $23.88 and a 12-month high of $61.75.

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.