Archer Investment Corp Buys 4,192 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Archer Investment Corp lifted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 25.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,713 shares of the company’s stock after purchasing an additional 4,192 shares during the period. Archer Investment Corp’s holdings in iShares Bitcoin Trust were worth $1,099,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vienna Asset Management LLC lifted its stake in shares of iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after purchasing an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC acquired a new position in iShares Bitcoin Trust in the third quarter valued at about $656,000. Andina Capital Management LLC boosted its holdings in iShares Bitcoin Trust by 131.0% during the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock worth $910,000 after buying an additional 9,728 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of iShares Bitcoin Trust by 32.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after buying an additional 9,266 shares during the period. Finally, Mutual Advisors LLC grew its position in shares of iShares Bitcoin Trust by 65.8% during the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock worth $8,967,000 after buying an additional 62,338 shares during the period.

iShares Bitcoin Trust Trading Down 0.4 %

Shares of NASDAQ:IBIT opened at $55.12 on Friday. The firm’s 50 day simple moving average is $56.36 and its 200 day simple moving average is $44.62. iShares Bitcoin Trust has a fifty-two week low of $24.49 and a fifty-two week 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.