Trilogy Capital Inc. Purchases New Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Trilogy Capital Inc. acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,881 shares of the company’s stock, valued at approximately $259,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vienna Asset Management LLC increased its holdings in shares of iShares Bitcoin Trust by 131.6% during the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after buying an additional 15,137 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new stake in iShares Bitcoin Trust during the 3rd quarter worth $656,000. Andina Capital Management LLC increased its holdings in iShares Bitcoin Trust by 131.0% in the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock worth $910,000 after purchasing an additional 9,728 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in iShares Bitcoin Trust by 32.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after purchasing an additional 9,266 shares during the last quarter. Finally, Mutual Advisors LLC boosted its stake in shares of iShares Bitcoin Trust by 65.8% during the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after purchasing an additional 62,338 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $55.12 on Friday. The stock’s 50-day moving average is $56.36 and its 200-day moving average is $44.62. iShares Bitcoin Trust has a 1-year low of $24.49 and a 1-year high of $61.75.

iShares Bitcoin Trust Company 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.