BBR Partners LLC Invests in iShares Bitcoin Trust (NASDAQ:IBIT)

BBR Partners LLC has made a significant move by acquiring a stake in the iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter. This acquisition, revealed through its recent Form 13F filing with the Securities and Exchange Commission, involved the purchase of 55,498 shares valued at approximately $2,944,000.

In recent months, other institutional investors have also been active in trading shares of the iShares Bitcoin Trust. For instance, Vienna Asset Management LLC increased its position by 131.6% in the third quarter, now holding 26,642 shares worth $963,000 after adding an extra 15,137 shares. Similarly, Garden State Investment Advisory Services LLC entered a new position in the trust, valued at $656,000 during the same quarter.

Furthermore, Andina Capital Management LLC boosted its stake in iShares Bitcoin Trust by 131.0% in the fourth quarter, now owning 17,152 shares worth $910,000 after buying 9,728 additional shares. B. Riley Wealth Advisors Inc. also raised its position by 32.2% in the third quarter, currently owning 38,078 shares valued at $1,357,000 following a purchase of 9,266 shares. Lastly, Mutual Advisors LLC enhanced its position in iShares Bitcoin Trust by 65.8% in the fourth quarter, and now holds 157,060 shares worth $8,967,000 after acquiring 62,338 additional shares.

Price Performance of iShares Bitcoin Trust

As of Friday, shares of NASDAQ IBIT opened at $50.64. The stock has a fifty-day moving average of $54.87 and a two-hundred day moving average of $47.09. Notably, the iShares Bitcoin Trust has experienced a 52-week low of $28.23 and a 52-week high of $61.75.

About iShares Bitcoin Trust

The iShares Bitcoin Trust (IBIT) is an exchange-traded fund designed to primarily invest in a long position in Bitcoin while betting against USD currency. This passively managed fund aims to track the spot price of Bitcoin and was launched on January 5, 2024, by BlackRock.

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iShares, Investment, Bitcoin