Rik Saylor Financial Inc. Purchases Shares of 50,711 iShares Bitcoin Trust (NASDAQ:IBIT)

Rik Saylor Financial Inc. acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 50,711 shares of the company’s stock, valued at approximately $2,690,000. iShares Bitcoin Trust makes up 2.5% of Rik Saylor Financial Inc.’s portfolio, making the stock its 10th largest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IBIT. Vienna Asset Management LLC lifted its stake in shares of iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after acquiring an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC bought a new position in iShares Bitcoin Trust during the third quarter valued at about $656,000. Andina Capital Management LLC grew its holdings in iShares Bitcoin Trust by 131.0% during the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock worth $910,000 after acquiring an additional 9,728 shares during the period. B. Riley Wealth Advisors Inc. raised its position in 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 acquiring an additional 9,266 shares in the last quarter. Finally, Mutual Advisors LLC lifted its holdings in iShares Bitcoin Trust by 65.8% in the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after acquiring an additional 62,338 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $55.33 on Thursday. The company has a 50-day moving average of $56.35 and a 200-day moving average of $44.55. iShares Bitcoin Trust has a twelve month low of $24.45 and a twelve 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.