Powell Investment Advisors LLC Raises Stock Position in iShares Bitcoin Trust ETF $IBIT

Powell Investment Advisors LLC increased its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 69.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,524 shares of the company’s stock after acquiring an additional 14,153 shares during the quarter. iShares Bitcoin Trust ETF makes up about 0.6% of Powell Investment Advisors LLC’s portfolio, making the stock its 26th biggest holding. Powell Investment Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,714,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBIT. Laurore Ltd purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth $436,239,000. 59 North Capital Management LP purchased a new stake in iShares Bitcoin Trust ETF in the 3rd quarter worth $169,100,000. Consolidated Portfolio Review Corp increased its holdings in iShares Bitcoin Trust ETF by 27,185.5% in the 4th quarter. Consolidated Portfolio Review Corp now owns 2,142,185 shares of the company’s stock worth $106,359,000 after acquiring an additional 2,134,334 shares in the last quarter. Sculptor Capital LP increased its holdings in iShares Bitcoin Trust ETF by 59.5% in the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after acquiring an additional 1,673,788 shares in the last quarter. Finally, Mariner Investment Group LLC increased its holdings in iShares Bitcoin Trust ETF by 142.3% in the 3rd quarter. Mariner Investment Group LLC now owns 2,015,094 shares of the company’s stock worth $130,981,000 after acquiring an additional 1,183,414 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $42.96 on Friday. The firm has a fifty day moving average of $42.13 and a 200 day moving average of $45.99. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82.

iShares Bitcoin Trust ETF 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.