Good Life Advisors LLC Invests $520,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Good Life Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 9,805 shares of the company’s stock, valued at approximately $520,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its position in iShares Bitcoin Trust by 78.8% during the fourth quarter. Global Retirement Partners LLC now owns 180,284 shares of the company’s stock valued at $9,564,000 after purchasing an additional 79,467 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at $1,222,000. Kestra Investment Management LLC bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth $110,000. Atria Wealth Solutions Inc. purchased a new position in iShares Bitcoin Trust in the fourth quarter worth $724,000. Finally, Empower Advisory Group LLC increased its stake in iShares Bitcoin Trust by 32.4% in the fourth quarter. Empower Advisory Group LLC now owns 42,015 shares of the company’s stock valued at $2,229,000 after acquiring an additional 10,285 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

NASDAQ IBIT opened at $55.99 on Friday. The stock’s 50-day simple moving average is $56.15 and its two-hundred day simple moving average is $45.91. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month 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.