Stratos Wealth Partners Acquires More Shares in iShares Bitcoin Trust

Stratos Wealth Partners LTD. has significantly increased its investment in the iShares Bitcoin Trust (NASDAQ:IBIT), reporting a 53.8% rise in its holdings during the fourth quarter. According to recent filings, the firm now owns a total of 24,403 shares of IBIT after acquiring an additional 8,535 shares in the latest quarter, which reflects a market value of approximately $1,295,000.

Several other institutional investors have also adjusted their positions with the iShares Bitcoin Trust. Specifically, Vienna Asset Management LLC has increased its stake by 131.6% in the third quarter, now holding 26,642 shares, valued at around $963,000 after purchasing an additional 15,137 shares during that period. Meanwhile, Garden State Investment Advisory Services LLC has bought new shares worth approximately $656,000 in the same quarter.

In the fourth quarter, Andina Capital Management LLC expanded its investment in iShares Bitcoin Trust by 131.0%, acquiring 9,728 additional shares, bringing its total to 17,152 shares worth $910,000. B. Riley Wealth Advisors Inc. also elevated its stake by 32.2%, increasing ownership to 38,078 shares, valued at about $1,357,000 after purchasing 9,266 shares last quarter. Additionally, Mutual Advisors LLC achieved a substantial increase of 65.8% in its holdings during the fourth quarter, now possessing 157,060 shares worth approximately $8,967,000 after obtaining an extra 62,338 shares.

Current Performance of IBIT Stock

As of the latest trading session, shares of iShares Bitcoin Trust were opened at $54.47. The stock has seen considerable fluctuations over the past year, with a low of $25.64 and a high of $61.75 recorded within that period. The fifty-day moving average stands at $56.35, while the two-hundred day moving average is at $44.86.

About iShares Bitcoin Trust

The iShares Bitcoin Trust (IBIT) is an exchange-traded fund aimed primarily at investing in Bitcoin while taking a short position on USD currency. It is passively managed, striving to reflect the spot price of Bitcoin. The trust was launched by BlackRock on January 5, 2024.

Further Information

For investors interested in understanding the movements of IBIT and other hedge fund activities regarding this trust, recent 13F filings and insider trading information can be found through various finance tracking services. Keeping up-to-date with these changes may offer insights into investment opportunities and market trends.

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