Golden State Wealth Management LLC Purchases 12,768 Shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Golden State Wealth Management LLC grew its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 188.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,528 shares of the company’s stock after acquiring an additional 12,768 shares during the quarter. Golden State Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $914,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IBIT. NINE MASTS CAPITAL Ltd boosted its stake in shares of iShares Bitcoin Trust ETF by 29.6% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock valued at $80,541,000 after buying an additional 346,918 shares during the period. Lake Street Advisors Group LLC raised its holdings in iShares Bitcoin Trust ETF by 71.3% in the 4th quarter. Lake Street Advisors Group LLC now owns 40,791 shares of the company’s stock valued at $2,164,000 after acquiring an additional 16,982 shares in the last quarter. RWQ Financial Management Services Inc. raised its holdings in iShares Bitcoin Trust ETF by 2,069.2% in the 4th quarter. RWQ Financial Management Services Inc. now owns 169,194 shares of the company’s stock valued at $8,976,000 after acquiring an additional 161,394 shares in the last quarter. Orvieto Partners L.P. bought a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at $796,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 78.6% during the 4th quarter. Farther Finance Advisors LLC now owns 51,776 shares of the company’s stock worth $2,747,000 after purchasing an additional 22,790 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $61.28 on Thursday. iShares Bitcoin Trust ETF has a 52 week low of $28.23 and a 52 week high of $63.70. The stock’s fifty day moving average is $57.93 and its 200 day moving average is $54.47.

iShares Bitcoin Trust ETF Company 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.