Envestnet Portfolio Solutions Inc. Invests $490,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Envestnet Portfolio Solutions Inc. purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBITFree Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 9,242 shares of the company’s stock, valued at approximately $490,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vienna Asset Management LLC raised its position in shares of iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after purchasing an additional 15,137 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new stake in shares of iShares Bitcoin Trust in the third quarter worth $656,000. Andina Capital Management LLC raised its holdings in iShares Bitcoin Trust by 131.0% in the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock valued at $910,000 after acquiring an additional 9,728 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in iShares Bitcoin Trust by 32.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after acquiring an additional 9,266 shares during the last quarter. Finally, Mutual Advisors LLC grew its holdings in iShares Bitcoin Trust by 65.8% during the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock worth $8,967,000 after acquiring an additional 62,338 shares in the last quarter.

iShares Bitcoin Trust Price Performance

IBIT opened at $50.14 on Wednesday. The company has a 50-day moving average of $53.18 and a 200-day moving average of $48.56. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75.

iShares Bitcoin Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Bitcoin Trust (NASDAQ:IBIT)

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