Red Door Wealth Management LLC Acquires 27,097 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Red Door Wealth Management LLC boosted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 28.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 122,448 shares of the company’s stock after buying an additional 27,097 shares during the quarter. Red Door Wealth Management LLC’s holdings in iShares Bitcoin Trust were worth $6,496,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vienna Asset Management LLC grew its holdings in shares of iShares Bitcoin Trust by 131.6% during 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 iShares Bitcoin Trust during the third quarter valued at approximately $656,000. B. Riley Wealth Advisors Inc. grew its stake in iShares Bitcoin Trust by 32.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after buying an additional 9,266 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of iShares Bitcoin Trust in the 3rd quarter worth $11,507,000. Finally, Marathon Trading Investment Management LLC raised its position in shares of iShares Bitcoin Trust by 238.4% during the 3rd quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock valued at $2,804,000 after buying an additional 54,671 shares in the last quarter.

iShares Bitcoin Trust Stock Down 1.0 %

NASDAQ IBIT opened at $58.79 on Friday. iShares Bitcoin Trust has a 52-week low of $22.57 and a 52-week high of $61.75. The company has a fifty day moving average of $55.44 and a 200-day moving average of $43.00.

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.