Phillips Financial Management LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Phillips Financial Management LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 4,416 shares of the company’s stock, valued at approximately $234,000.

Other institutional investors have also recently made changes to their positions in the company. Vienna Asset Management LLC raised its position 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 valued at $963,000 after buying an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC purchased a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at approximately $656,000. Andina Capital Management LLC raised its position in shares of iShares Bitcoin Trust by 131.0% during the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock valued at $910,000 after buying an additional 9,728 shares during the period. B. Riley Wealth Advisors Inc. raised 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 valued at $1,357,000 after buying an additional 9,266 shares during the period. Finally, Mutual Advisors LLC raised 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 valued at $8,967,000 after buying an additional 62,338 shares during the period.

iShares Bitcoin Trust Stock Down 0.2 %

IBIT stock opened at $47.15 on Thursday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The firm’s 50 day moving average price is $54.38 and its 200-day moving average price is $47.53.

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.