GFS Advisors LLC Invests $296,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

GFS Advisors LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,587 shares of the company’s stock, valued at approximately $296,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in shares of iShares Bitcoin Trust in the second quarter valued at $505,000. Thrivent Financial for Lutherans boosted its position in iShares Bitcoin Trust by 12.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company’s stock worth $529,000 after acquiring an additional 1,748 shares during the period. NewEdge Advisors LLC grew its stake in iShares Bitcoin Trust by 40.7% during the 2nd quarter. NewEdge Advisors LLC now owns 37,227 shares of the company’s stock valued at $1,271,000 after acquiring an additional 10,762 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at about $984,000. Finally, EP Wealth Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 27.4% in the second quarter. EP Wealth Advisors LLC now owns 10,786 shares of the company’s stock worth $368,000 after purchasing an additional 2,319 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

IBIT stock opened at $57.71 on Friday. The firm has a 50 day simple moving average of $56.17 and a 200 day simple moving average of $44.02. iShares Bitcoin Trust has a 52 week low of $24.13 and a 52 week high of $61.75.

iShares Bitcoin Trust Company 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.