Lifeworks Advisors LLC Buys 20,746 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Lifeworks Advisors LLC raised its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 22.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 111,383 shares of the company’s stock after purchasing an additional 20,746 shares during the quarter. Lifeworks Advisors LLC’s holdings in iShares Bitcoin Trust were worth $4,024,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in iShares Bitcoin Trust during the 1st quarter valued at $42,000. Atomi Financial Group Inc. bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at about $224,000. Concurrent Investment Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the first quarter worth about $271,000. US Bancorp DE bought a new stake in shares of iShares Bitcoin Trust in the first quarter worth about $7,227,000. Finally, Kingsview Wealth Management LLC purchased a new position in iShares Bitcoin Trust during the 1st quarter valued at about $1,403,000.

iShares Bitcoin Trust Trading Down 0.7 %

IBIT traded down $0.35 during midday trading on Thursday, reaching $50.69. 18,181,164 shares of the company’s stock traded hands, compared to its average volume of 32,191,408. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $53.26. The firm has a fifty day moving average of $37.24 and a two-hundred day moving average of $36.42.

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.