Kennedy Investment Group Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Kennedy Investment Group acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,630 shares of the company’s stock, valued at approximately $299,000.

Other large investors have also made changes to their positions in the company. Vienna Asset Management LLC raised its position 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 valued at $963,000 after buying an additional 15,137 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new position in shares of iShares Bitcoin Trust during the third quarter valued at about $656,000. B. Riley Wealth Advisors Inc. raised its position in shares of iShares Bitcoin Trust by 32.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after buying an additional 9,266 shares during the last quarter. Mutual Advisors LLC raised its position 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 buying an additional 62,338 shares during the last quarter. Finally, Andina Capital Management LLC raised its position in iShares Bitcoin Trust by 131.0% in the fourth 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.

iShares Bitcoin Trust Price Performance

NASDAQ:IBIT opened at $57.58 on Wednesday. iShares Bitcoin Trust has a 12-month low of $23.88 and a 12-month high of $61.75. The firm has a 50-day moving average price of $55.88 and a 200 day moving average price of $43.63.

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.