Garden State Investment Advisory Services LLC Makes New $656,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Garden State Investment Advisory Services LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the third quarter, HoldingsChannel reports. The firm purchased 18,150 shares of the company’s stock, valued at approximately $656,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capstone Investment Advisors LLC purchased a new position in iShares Bitcoin Trust during the 3rd quarter valued at about $11,507,000. Marathon Trading Investment Management LLC lifted its position in shares of iShares Bitcoin Trust by 238.4% during the third quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock worth $2,804,000 after purchasing an additional 54,671 shares in the last quarter. Paragon Advisors LLC boosted its stake in shares of iShares Bitcoin Trust by 54.8% in the third quarter. Paragon Advisors LLC now owns 458,111 shares of the company’s stock valued at $16,552,000 after purchasing an additional 162,178 shares during the period. Private Advisor Group LLC grew its holdings in shares of iShares Bitcoin Trust by 117.9% in the third quarter. Private Advisor Group LLC now owns 335,820 shares of the company’s stock valued at $12,133,000 after purchasing an additional 181,700 shares in the last quarter. Finally, Lifeworks Advisors LLC increased its stake in iShares Bitcoin Trust by 22.9% during the 3rd quarter. Lifeworks Advisors LLC now owns 111,383 shares of the company’s stock worth $4,024,000 after buying an additional 20,746 shares during the period.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $55.21 on Monday. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $56.86. The firm has a 50 day moving average of $42.45 and a two-hundred day moving average of $38.10.

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.