Mill Creek Capital Advisors LLC Buys Shares of 61,609 iShares Bitcoin Trust (NASDAQ:IBIT)

Mill Creek Capital Advisors LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 61,609 shares of the company’s stock, valued at approximately $2,226,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Advisor Group LLC grew its position in 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. Lifeworks Advisors LLC grew its holdings in shares of iShares Bitcoin Trust by 22.9% in the 3rd quarter. Lifeworks Advisors LLC now owns 111,383 shares of the company’s stock valued at $4,024,000 after acquiring an additional 20,746 shares in the last quarter. IMC Chicago LLC bought a new stake in iShares Bitcoin Trust during the third quarter worth about $323,337,000. Axxcess Wealth Management LLC acquired a new position in iShares Bitcoin Trust during the first quarter valued at approximately $965,000. Finally, Pachira Investments Inc. bought a new position in iShares Bitcoin Trust in the third quarter valued at approximately $1,214,000.

iShares Bitcoin Trust Stock Up 4.8 %

NASDAQ:IBIT opened at $52.13 on Friday. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $53.26. The stock’s 50 day moving average price is $38.39 and its two-hundred day moving average price is $36.73.

About iShares Bitcoin Trust

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.