HighTower Advisors LLC Raises Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

HighTower Advisors LLC lifted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 62.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,612 shares of the company’s stock after buying an additional 113,167 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Bitcoin Trust were worth $15,682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBIT. Pettinga Financial Advisors LLC grew its position in shares of iShares Bitcoin Trust by 34.8% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 8,630 shares of the company’s stock worth $312,000 after buying an additional 2,230 shares during the period. Atria Investments Inc purchased a new stake in shares of iShares Bitcoin Trust in the 3rd quarter worth about $558,000. Aptus Capital Advisors LLC grew its position in shares of iShares Bitcoin Trust by 53.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 14,537 shares of the company’s stock worth $525,000 after buying an additional 5,083 shares during the period. Empowered Funds LLC purchased a new stake in shares of iShares Bitcoin Trust in the 3rd quarter worth about $2,298,000. Finally, Vishria Bird Financial Group LLC purchased a new stake in shares of iShares Bitcoin Trust in the 3rd quarter worth about $4,491,000.

iShares Bitcoin Trust Stock Up 5.8 %

NASDAQ:IBIT opened at $48.14 on Friday. The firm’s 50-day moving average price is $54.02 and its 200-day moving average price is $47.68. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75.

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.