Tectonic Advisors LLC Acquires New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Tectonic Advisors LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,313 shares of the company’s stock, valued at approximately $229,000.

Several other hedge funds also recently bought and sold shares of IBIT. Deltec Asset Management LLC increased its position in shares of iShares Bitcoin Trust by 2.4% in the 4th quarter. Deltec Asset Management LLC now owns 248,544 shares of the company’s stock valued at $13,185,000 after buying an additional 5,769 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in iShares Bitcoin Trust by 58.9% in the fourth quarter. Stratos Wealth Advisors LLC now owns 10,582 shares of the company’s stock valued at $561,000 after acquiring an additional 3,923 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of iShares Bitcoin Trust by 53.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 24,403 shares of the company’s stock worth $1,295,000 after acquiring an additional 8,535 shares in the last quarter. Stephens Consulting LLC raised its position in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares during the period. Finally, Pennsylvania Capital Management Inc. ADV bought a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at about $642,000.

iShares Bitcoin Trust Trading Down 0.4 %

Shares of IBIT opened at $55.12 on Friday. The stock has a 50 day simple moving average of $56.36 and a 200 day simple moving average of $44.62. iShares Bitcoin Trust has a 52-week low of $24.49 and a 52-week 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.