DAVENPORT & Co LLC Buys New Shares in iShares Bitcoin Trust (NASDAQ:IBIT)

DAVENPORT & Co LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,461 shares of the company’s stock, valued at approximately $237,000.

Other institutional investors have also recently bought and sold shares of the company. Vienna Asset Management LLC lifted its position in iShares Bitcoin Trust by 131.6% during the third 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 in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in iShares Bitcoin Trust during the third quarter valued at approximately $656,000. Andina Capital Management LLC lifted its position 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 valued at $910,000 after buying an additional 9,728 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in iShares Bitcoin Trust by 32.2% during the third 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 in the last quarter. Finally, Mutual Advisors LLC lifted its position in iShares Bitcoin Trust by 65.8% during the fourth 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 in the last quarter.

iShares Bitcoin Trust Stock Down 1.2 %

Shares of IBIT stock opened at $54.47 on Monday. The firm’s 50 day moving average price is $56.35 and its two-hundred day moving average price is $44.86. iShares Bitcoin Trust has a fifty-two week low of $25.64 and a fifty-two week high of $61.75.

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.