iShares Bitcoin Trust (NASDAQ:IBIT) Position Boosted by Dakota Wealth Management

Dakota Wealth Management increased its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 6.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,418 shares of the company’s stock after purchasing an additional 3,592 shares during the period. Dakota Wealth Management’s holdings in iShares Bitcoin Trust were worth $2,219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter valued at approximately $26,000. Glass Jacobson Investment Advisors llc bought a new stake in iShares Bitcoin Trust during the second quarter valued at $26,000. Asset Dedication LLC raised its holdings in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the period. Creekmur Asset Management LLC bought a new position in shares of iShares Bitcoin Trust in the 1st quarter worth about $30,000. Finally, International Assets Investment Management LLC acquired a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at about $31,000.

iShares Bitcoin Trust Stock Down 2.2 %

Shares of NASDAQ:IBIT opened at $38.01 on Friday. The firm has a 50-day simple moving average of $35.27 and a 200 day simple moving average of $35.98. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99.

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.