Douglass Winthrop Advisors LLC Raised Its Holdings in Shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 138.9% in the 4th Quarter

The firm owned 13300 shares of the company's stock after buying an additional 7732 shares during the period.

Douglass Winthrop Advisors LLC increased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 138.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,300 shares of the company's stock after buying an additional 7,732 shares during the period. Douglass Winthrop Advisors LLC's holdings in iShares Bitcoin Trust were worth $706,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IBIT. Vienna Asset Management LLC boosted its holdings in iShares Bitcoin Trust by 131.6% during the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company's stock valued at $963,000 after acquiring an additional 15,137 shares during the period.

Garden State Investment Advisory Services LLC purchased a new stake in shares of iShares Bitcoin Trust during the third quarter valued at $656,000.

Andina Capital Management LLC grew its holdings in shares of iShares Bitcoin Trust by 131.0% in the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company's stock worth $910,000 after purchasing an additional 9,728 shares during the last quarter.

B. Riley Wealth Advisors Inc. increased its stake in iShares Bitcoin Trust by 32.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company's stock worth $1,357,000 after buying an additional 9,266 shares during the period.

Finally, Mutual Advisors LLC lifted its holdings in iShares Bitcoin Trust by 65.8% during the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company's stock valued at $8,967,000 after buying an additional 62,338 shares in the last quarter.

iShares Bitcoin Trust Stock Up 5.5 %

NASDAQ:IBIT traded up $2.63 during midday trading on Monday, hitting $50.33. The stock had a trading volume of 24,654,986 shares, compared to its average volume of 46,198,289. The stock is up 5.5% over the last week.

iShares Bitcoin Trust Stock Down 11.0 % YTD

Relative to the benchmark, IBIT had moved relatively lower, trading in a range of 6.8% for the past 3 months.

Compared to the benchmark, IBIT is underperforming with YTD performance of -11.0% vs. YTD performance of -0.2%.

The price of IBIT is now84.0% less than its high point of the year and 173.0% greater than its low point.

The net உள்ளீடு for the last total institutionally held period was -1.0%, which is lower than the -3.0% average. This web exclusive narrative will focus on Total Institutions. The "+" net உள்ளீடு indicates that more institutions opened or increased positions in IBIT stock, signaling bullish intent. A large, positive net உள்ளீடு may foreshadow further price appreciation. Conversely, the "-" net உள்ளீடு indicates that more institutions closed or decreased positions in IBIT stock, signaling bearish intent. A large, negative net உள்ளீடு may foreshadow a decline in the stock's price.

The PHLX Foodstuffs index is up 0.8% Monday morning, and the PHLX Semiconductor index is up 0.9%. The PHLX Healthcare index is down 0.3%.

Among individual stocks, shares of Advanced Micro Devices (NYSE:AMD) are up 0.8%, continuing gains from Friday after the company announced a new A888 triple-A rated preferred convertible bond offering.

Pfizer (NYSE:PFE) shares are down 0.4% after the company announced that it will be investing $80 million to expand its manufacturing operations in Couva, Trinidad and Tobago. The move is expected to create 200 new jobs in the region.

And shares of Qualcomm (NASDAQ:QCOM) are up 0.7% after the company announced that it will be investing $75 million to expand its manufacturing operations in San Diego. The move is expected to create 500 new jobs in the region.

Overall, the market is showing signs of strength at the start of the week,