Redhawk Wealth Advisors Inc. acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,972 shares of the company's stock, valued at approximately $582,000.
Several other large investors have also added to or reduced their stakes in the stock. Wolff Wiese Magana LLC purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth about $60,000. Smith Anglin Financial LLC increased its holdings in iShares Bitcoin Trust by 94.9% during the 4th quarter. Smith Anglin Financial LLC now owns 12,545 shares of the company's stock worth $666,000 after acquiring an additional 6,108 shares during the period. Moseley Investment Management Inc. purchased a new stake in iShares Bitcoin Trust in the 4th quarter worth approximately $324,000. Park Avenue Securities LLC boosted its holdings in iShares Bitcoin Trust by 73.4% in the 4th quarter. Park Avenue Securities LLC now owns 44,119 shares of the company's stock valued at $2,341,000 after purchasing an additional 18,679 shares during the period. Finally, San Luis Wealth Advisors LLC grew its position in shares of iShares Bitcoin Trust by 8.8% during the 4th quarter. San Luis Wealth Advisors LLC now owns 6,687 shares of the company's stock valued at $355,000 after purchasing an additional 540 shares in the last quarter.
iShares Bitcoin Trust stock opened at $57.09 on Friday. The business has a 50-day simple moving average of $54.56 and a 200 day simple moving average of $42.24. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $61.75.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider iShares Bitcoin Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iShares Bitcoin Trust wasn't on the list.
While iShares Bitcoin Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.