Gordian Capital Singapore Pte Ltd Acquires 24,800 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Gordian Capital Singapore Pte Ltd raised its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 137.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 42,800 shares of the company’s stock after buying an additional 24,800 shares during the quarter. iShares Bitcoin Trust comprises 1.2% of Gordian Capital Singapore Pte Ltd’s portfolio, making the stock its 17th largest holding. Gordian Capital Singapore Pte Ltd’s holdings in iShares Bitcoin Trust were worth $2,271,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of IBIT. Cornerstone Advisory LLC bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth about $1,549,000. Orion Capital Management LLC purchased a new position in iShares Bitcoin Trust in the fourth quarter worth about $64,000. Monograph Wealth Advisors LLC purchased a new position in iShares Bitcoin Trust in the fourth quarter worth about $5,658,000. Elequin Capital LP increased its stake in iShares Bitcoin Trust by 67,452.4% during the fourth quarter. Elequin Capital LP now owns 528,260 shares of the company’s stock worth $28,024,000 after acquiring an additional 527,478 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its position in iShares Bitcoin Trust by 17.5% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 15,646 shares of the company’s stock valued at $830,000 after purchasing an additional 2,325 shares during the period.

iShares Bitcoin Trust Stock Up 1.4%

NASDAQ:IBIT opened at $61.79 on Thursday. The business has a 50 day simple moving average of $51.45 and a 200-day simple moving average of $52.91. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $62.53.

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.