Financial Engines Advisors L.L.C. Boosts Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Financial Engines Advisors L.L.C. increased its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 26.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 319,558 shares of the company’s stock after acquiring an additional 67,660 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in iShares Bitcoin Trust were worth $16,953,000 as of its most recent filing with the Securities & Exchange Commission.

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

iShares Bitcoin Trust Stock Performance

NASDAQ IBIT opened at $50.14 on Wednesday. The stock’s 50 day moving average is $53.18 and its 200 day moving average is $48.56. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75.

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.