Financial Enhancement Group LLC Grows Stock Holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Financial Enhancement Group LLC boosted its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,684 shares of the company’s stock after purchasing an additional 2,198 shares during the quarter. Financial Enhancement Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,309,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC bought a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at $711,000. Truist Financial Corp increased its position in iShares Bitcoin Trust ETF by 60.7% during the fourth quarter. Truist Financial Corp now owns 21,865 shares of the company’s stock valued at $1,160,000 after acquiring an additional 8,255 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at $724,000. Ieq Capital LLC bought a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at $252,000. Finally, First Horizon Advisors Inc. increased its position in iShares Bitcoin Trust ETF by 59.0% during the fourth quarter. First Horizon Advisors Inc. now owns 4,771 shares of the company’s stock valued at $253,000 after acquiring an additional 1,771 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Up 2.4%

IBIT stock opened at $60.06 on Wednesday. iShares Bitcoin Trust ETF has a twelve month low of $28.23 and a twelve month high of $63.70. The firm’s fifty day simple moving average is $57.67 and its two-hundred day simple moving average is $54.42.

iShares Bitcoin Trust ETF Profile

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.