Evolution Wealth Advisors LLC Acquires 54,651 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Evolution Wealth Advisors LLC boosted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 44.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 176,780 shares of the company’s stock after acquiring an additional 54,651 shares during the quarter. iShares Bitcoin Trust accounts for approximately 1.6% of Evolution Wealth Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Evolution Wealth Advisors LLC’s holdings in iShares Bitcoin Trust were worth $9,378,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in iShares Bitcoin Trust by 42.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock valued at $3,704,000 after buying an additional 32,416 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in iShares Bitcoin Trust in the 2nd quarter valued at about $505,000. Thrivent Financial for Lutherans increased its stake in iShares Bitcoin Trust by 12.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company’s stock valued at $529,000 after buying an additional 1,748 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in iShares Bitcoin Trust in the 2nd quarter valued at about $216,000. Finally, Bank of Montreal Can increased its stake in iShares Bitcoin Trust by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 134,332 shares of the company’s stock valued at $4,586,000 after buying an additional 723 shares during the last quarter.

iShares Bitcoin Trust Trading Down 1.7 %

NASDAQ:IBIT opened at $59.38 on Thursday. 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 moving average price of $55.27 and a two-hundred day moving average price of $42.89.

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.