RFG Advisory LLC Has $2.85 Million Position in iShares Bitcoin Trust (NASDAQ:IBIT)

RFG Advisory LLC raised its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 216.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,794 shares of the company’s stock after acquiring an additional 36,780 shares during the quarter. RFG Advisory LLC’s holdings in iShares Bitcoin Trust were worth $2,854,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IBIT. Envestnet Asset Management Inc. lifted its stake in iShares Bitcoin Trust by 42.6% in the second quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock valued at $3,704,000 after acquiring an additional 32,416 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in iShares Bitcoin Trust in the second quarter valued at $505,000. Thrivent Financial for Lutherans lifted its stake in shares of iShares Bitcoin Trust by 12.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company’s stock worth $529,000 after buying an additional 1,748 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth about $216,000. Finally, Bank of Montreal Can lifted its stake in shares of iShares Bitcoin Trust by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 134,332 shares of the company’s stock worth $4,586,000 after buying an additional 723 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

NASDAQ IBIT opened at $59.70 on Friday. The firm has a 50-day moving average of $55.77 and a 200-day moving average of $43.30. iShares Bitcoin Trust has a 52-week low of $22.58 and a 52-week 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.