Bull Oak Capital LLC Has $856,000 Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Bull Oak Capital LLC increased its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 15.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 23,696 shares of the company’s stock after buying an additional 3,243 shares during the period. iShares Bitcoin Trust makes up 0.5% of Bull Oak Capital LLC’s holdings, making the stock its 15th biggest holding. Bull Oak Capital LLC’s holdings in iShares Bitcoin Trust were worth $856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC acquired a new position in iShares Bitcoin Trust during the 1st quarter valued at about $26,000. Creekmur Asset Management LLC acquired a new position in iShares Bitcoin Trust during the 1st quarter valued at about $30,000. Sound Income Strategies LLC acquired a new position in iShares Bitcoin Trust during the 1st quarter valued at about $30,000. Glass Jacobson Investment Advisors llc acquired a new position in iShares Bitcoin Trust during the 2nd quarter valued at about $26,000. Finally, Asset Dedication LLC lifted its position in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares during the period.

iShares Bitcoin Trust Stock Performance

iShares Bitcoin Trust stock opened at $38.87 on Friday. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99. The company’s 50-day moving average is $35.19 and its two-hundred day moving average is $36.02.

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.