4,835 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Purchased by Riverview Capital Advisers LLC

Riverview Capital Advisers LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, HoldingsChannel reports. The fund acquired 4,835 shares of the company’s stock, valued at approximately $256,000.

Several other large investors have also modified their holdings of IBIT. Franklin Resources Inc. bought a new position in shares of iShares Bitcoin Trust in the third quarter worth about $1,107,000. Capital Investment Advisors LLC purchased a new stake in iShares Bitcoin Trust in the 4th quarter valued at about $371,000. Wedmont Private Capital purchased a new stake in iShares Bitcoin Trust in the 4th quarter valued at about $615,000. Pallas Capital Advisors LLC grew its stake in iShares Bitcoin Trust by 18.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 6,177 shares of the company’s stock worth $328,000 after acquiring an additional 981 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its position in shares of iShares Bitcoin Trust by 52.4% during the fourth quarter. AdvisorNet Financial Inc now owns 2,651 shares of the company’s stock worth $141,000 after acquiring an additional 911 shares during the period.

iShares Bitcoin Trust Stock Down 1.5%

iShares Bitcoin Trust stock opened at $58.74 on Thursday. The company has a 50 day moving average price of $50.10 and a 200-day moving average price of $52.22. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week 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.