Riverview Capital Advisers LLC Grows Stake in iShares Bitcoin Trust ETF $IBIT

Riverview Capital Advisers LLC boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 483.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,948 shares of the company’s stock after buying an additional 28,130 shares during the quarter. Riverview Capital Advisers LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. McIlrath & Eck LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 30.3% in the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares during the period. Vivaldi Capital Management LP increased its holdings in shares of iShares Bitcoin Trust ETF by 3.3% in the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after buying an additional 163 shares during the last quarter. Howard Capital Management Group LLC raised its position in iShares Bitcoin Trust ETF by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock valued at $1,670,000 after purchasing an additional 165 shares in the last quarter. Encompass Wealth Advisors LLC lifted its position in iShares Bitcoin Trust ETF by 2.2% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock worth $498,000 after buying an additional 165 shares during the last quarter. Finally, Thoroughbred Financial Services LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 3.3% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock valued at $345,000 after purchasing an additional 172 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of iShares Bitcoin Trust ETF stock opened at $37.19 on Monday. The company’s 50 day moving average price is $46.16 and its 200-day moving average price is $55.15. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week high of $71.82.

About iShares Bitcoin Trust ETF

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.