Patton Albertson Miller Group LLC Purchases 16,261 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Patton Albertson Miller Group LLC boosted its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 122.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,581 shares of the company’s stock after purchasing an additional 16,261 shares during the period. Patton Albertson Miller Group LLC’s holdings in iShares Bitcoin Trust were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc bought a new position in shares of iShares Bitcoin Trust in the second quarter worth about $26,000. Asset Dedication LLC increased its position in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the period. Creekmur Asset Management LLC bought a new stake in shares of iShares Bitcoin Trust during the first quarter valued at approximately $30,000. International Assets Investment Management LLC bought a new stake in shares of iShares Bitcoin Trust during the second quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares Bitcoin Trust in the second quarter valued at approximately $36,000.

iShares Bitcoin Trust Stock Down 4.4 %

Shares of NASDAQ IBIT opened at $54.02 on Tuesday. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $56.86. The business has a fifty day simple moving average of $40.92 and a two-hundred day simple moving average of $37.58.

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.