Avidian Wealth Enterprises LLC Acquires 12,358 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Avidian Wealth Enterprises LLC boosted its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 62.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 32,289 shares of the company’s stock after purchasing an additional 12,358 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in iShares Bitcoin Trust were worth $1,713,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new position in shares of iShares Bitcoin Trust during the third quarter valued at about $323,337,000. Clear Street Derivatives LLC bought a new position in iShares Bitcoin Trust during the third quarter valued at about $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in iShares Bitcoin Trust in the 3rd quarter valued at approximately $19,149,000. LMR Partners LLP lifted its position in shares of iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after acquiring an additional 490,000 shares during the period. Finally, Verde Servicos Internacionais S.A. lifted its position in shares of iShares Bitcoin Trust by 3,525.8% in the 4th quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock worth $23,082,000 after acquiring an additional 423,100 shares during the period.

iShares Bitcoin Trust Stock Performance

IBIT opened at $54.11 on Wednesday. The stock’s 50 day simple moving average is $56.36 and its 200-day simple moving average is $45.04. iShares Bitcoin Trust has a 1 year low of $27.51 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.