Financial Advocates Investment Management has bought 17,387 more shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter. The firm now owns 23,585 shares of the ETF. The shares were worth about $1,251,000 at the end of the quarter.
Other big investors have also changed how many shares of iShares Bitcoin Trust they own recently. Stephens Consulting LLC now owns 490 shares valued at $26,000 after buying 62.8% more shares in the fourth quarter. AlphaMark Advisors LLC bought 8.9% more shares.
It now owns 2,455 shares worth $130,000. City Holding Co. almost doubled its stake.
It now has 488 shares valued at $26,000. Blue Trust Inc. grew its stake by 5.8% to 4,939 shares.
The shares are worth $262,000.
Financial Advocates increases IBIT holdings
Asset Dedication LLC bought 52.4% more shares in the third quarter.
It now owns 811 shares worth $29,000. On Monday, iShares Bitcoin Trust shares went up 1.7% to $55.37. Trading volume was 17,585,311 shares.
The daily average is 46,075,047 shares. In the last 52 weeks, the share price has been as low as $27.51 and as high as $61.75. The 50-day moving average price is $56.35.
The 200-day moving average price is $44.91. iShares Bitcoin Trust is an ETF that tracks the price of Bitcoin. It is not actively managed.
BlackRock started the fund on January 5, 2024. Analysts say iShares Bitcoin Trust is a “Hold” right now. But top analysts think there are five other stocks that are better buys.