Mill Creek Capital Advisors LLC Has $3.63 Million Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Mill Creek Capital Advisors LLC raised its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,496 shares of the company’s stock after buying an additional 6,887 shares during the period. Mill Creek Capital Advisors LLC’s holdings in iShares Bitcoin Trust were worth $3,634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBIT. Truist Financial Corp increased its stake in iShares Bitcoin Trust by 17.2% in the 2nd quarter. Truist Financial Corp now owns 9,801 shares of the company’s stock valued at $335,000 after buying an additional 1,436 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at about $392,000. Dynamic Advisor Solutions LLC bought a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at about $247,000. CWM LLC grew its position in shares of iShares Bitcoin Trust by 126.4% in the 3rd quarter. CWM LLC now owns 79,775 shares of the company’s stock valued at $2,882,000 after acquiring an additional 44,539 shares during the period. Finally, Oxler Private Wealth LLC grew its position in shares of iShares Bitcoin Trust by 1.6% in the 3rd quarter. Oxler Private Wealth LLC now owns 472,943 shares of the company’s stock valued at $17,087,000 after acquiring an additional 7,465 shares during the period.

iShares Bitcoin Trust Price Performance

Shares of IBIT opened at $55.38 on Tuesday. The firm has a 50-day moving average of $56.35 and a 200-day moving average of $44.91. iShares Bitcoin Trust has a one year low of $27.51 and a one 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.