Insigneo Advisory Services LLC Acquires 1,532 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Insigneo Advisory Services LLC grew its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 2.7% in the third quarter, Holdings Channel reports. The firm owned 58,636 shares of the company’s stock after acquiring an additional 1,532 shares during the period. Insigneo Advisory Services LLC’s holdings in iShares Bitcoin Trust were worth $2,119,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Glass Jacobson Investment Advisors llc purchased a new stake in iShares Bitcoin Trust in the 2nd quarter valued at about $26,000. Asset Dedication LLC raised its stake in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of iShares Bitcoin Trust in the second quarter valued at approximately $31,000. Hantz Financial Services Inc. bought a new position in iShares Bitcoin Trust in the second quarter worth approximately $36,000. Finally, West Financial Advisors LLC bought a new position in iShares Bitcoin Trust in the third quarter worth approximately $40,000.

iShares Bitcoin Trust Stock Up 2.5 %

Shares of NASDAQ IBIT opened at $57.80 on Friday. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $59.16. The business has a fifty day simple moving average of $44.39 and a two-hundred day simple moving average of $38.71.

About iShares Bitcoin Trust

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.