Wolff Wiese Magana LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Wolff Wiese Magana LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,137 shares of the company’s stock, valued at approximately $60,000.

Several other hedge funds have also made changes to their positions in the business. Parallel Advisors LLC grew its position in iShares Bitcoin Trust by 37.5% in the 2nd quarter. Parallel Advisors LLC now owns 14,859 shares of the company’s stock valued at $507,000 after buying an additional 4,050 shares during the last quarter. Wealthspire Advisors LLC acquired a new stake in iShares Bitcoin Trust in the second quarter valued at about $526,000. Envestnet Asset Management Inc. boosted its holdings in iShares Bitcoin Trust by 42.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock valued at $3,704,000 after purchasing an additional 32,416 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in iShares Bitcoin Trust during the 2nd quarter worth approximately $43,000. Finally, Renaissance Technologies LLC purchased a new position in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $505,000.

iShares Bitcoin Trust Stock Performance

iShares Bitcoin Trust stock opened at $56.25 on Wednesday. The stock’s 50 day moving average price is $54.03 and its 200 day moving average price is $42.03. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $61.75.

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.