Greenwich Wealth Management LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Greenwich Wealth Management LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,962 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pettinga Financial Advisors LLC increased its stake in iShares Bitcoin Trust by 34.8% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 8,630 shares of the company’s stock valued at $312,000 after purchasing an additional 2,230 shares in the last quarter. Atria Investments Inc acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at $558,000. Empowered Funds LLC purchased a new position in iShares Bitcoin Trust in the 3rd quarter worth $2,298,000. Mill Creek Capital Advisors LLC acquired a new stake in iShares Bitcoin Trust during the 3rd quarter worth about $2,226,000. Finally, Marathon Trading Investment Management LLC grew its stake in iShares Bitcoin Trust by 238.4% during the 3rd quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock valued at $2,804,000 after purchasing an additional 54,671 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ:IBIT opened at $48.14 on Monday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The business has a 50-day moving average price of $54.02 and a 200-day moving average price of $47.78.

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.