Insight Advisors LLC PA Raises Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Insight Advisors LLC PA boosted its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 19.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,291 shares of the company’s stock after buying an additional 1,210 shares during the quarter. Insight Advisors LLC PA’s holdings in iShares Bitcoin Trust were worth $390,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of IBIT. Renaissance Technologies LLC acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth about $505,000. Truist Financial Corp boosted its position in iShares Bitcoin Trust by 17.2% during the second quarter. Truist Financial Corp now owns 9,801 shares of the company’s stock worth $335,000 after acquiring an additional 1,436 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in iShares Bitcoin Trust in the 2nd quarter worth approximately $392,000. Park Avenue Securities LLC acquired a new position in iShares Bitcoin Trust in the 3rd quarter valued at $919,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth $247,000.

iShares Bitcoin Trust Stock Performance

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