Allen Investment Management LLC Purchases 100,623 Shares of iShares Bitcoin Trust ETF $IBIT

Allen Investment Management LLC lifted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 895,936 shares of the company’s stock after buying an additional 100,623 shares during the period. Allen Investment Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $44,483,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IBIT. Caprock Group LLC acquired a new stake in iShares Bitcoin Trust ETF in the third quarter valued at $1,536,000. Brighton Jones LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at about $711,000. Concentrum Wealth Management raised its holdings in shares of iShares Bitcoin Trust ETF by 16.8% in the 3rd quarter. Concentrum Wealth Management now owns 133,870 shares of the company’s stock valued at $8,702,000 after purchasing an additional 19,269 shares during the period. Cassaday & Co Wealth Management LLC lifted its position in shares of iShares Bitcoin Trust ETF by 247.5% in the third quarter. Cassaday & Co Wealth Management LLC now owns 31,909 shares of the company’s stock valued at $2,074,000 after buying an additional 22,727 shares during the last quarter. Finally, Procyon Advisors LLC lifted its position in shares of iShares Bitcoin Trust ETF by 920.1% in the fourth quarter. Procyon Advisors LLC now owns 227,604 shares of the company’s stock valued at $11,301,000 after buying an additional 205,292 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Down 2.7%

Shares of NASDAQ IBIT opened at $40.49 on Tuesday. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82. The stock has a 50 day moving average of $42.28 and a 200-day moving average of $45.19.

iShares Bitcoin Trust ETF 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.