Claro Advisors LLC Takes $598,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Claro Advisors LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,277 shares of the company’s stock, valued at approximately $598,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vienna Asset Management LLC lifted its position in shares of iShares Bitcoin Trust by 131.6% in the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $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. B. Riley Wealth Advisors Inc. lifted its position in shares of iShares Bitcoin Trust by 32.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after purchasing an additional 9,266 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of iShares Bitcoin Trust in the third quarter worth $11,507,000. Finally, Marathon Trading Investment Management LLC lifted its position in shares of iShares Bitcoin Trust by 238.4% in the third quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock worth $2,804,000 after purchasing an additional 54,671 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $53.22 on Tuesday. The company’s fifty day simple moving average is $53.72 and its 200-day simple moving average is $41.89. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month 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.