M Holdings Securities Inc. bought a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 58,555 shares of the company’s stock, valued at approximately $2,907,000.
A number of other institutional investors and hedge funds also recently modified their holdings of IBIT. Caprock Group LLC acquired a new position in iShares Bitcoin Trust ETF during the third quarter valued at $1,536,000. Brighton Jones LLC acquired a new position in iShares Bitcoin Trust ETF in the 4th quarter worth about $711,000. Cassaday & Co Wealth Management LLC increased its position in iShares Bitcoin Trust ETF by 247.5% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 31,909 shares of the company’s stock worth $2,074,000 after purchasing an additional 22,727 shares during the last quarter. Concentrum Wealth Management increased its position in iShares Bitcoin Trust ETF by 16.8% in the 3rd quarter. Concentrum Wealth Management now owns 133,870 shares of the company’s stock worth $8,702,000 after purchasing an additional 19,269 shares during the last quarter. Finally, Procyon Advisors LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 920.1% during the 4th quarter. Procyon Advisors LLC now owns 227,604 shares of the company’s stock valued at $11,301,000 after acquiring an additional 205,292 shares during the last quarter.
iShares Bitcoin Trust ETF Price Performance
Shares of NASDAQ IBIT opened at $35.08 on Thursday. The business’s 50-day simple moving average is $41.89 and its 200-day simple moving average is $44.37. iShares Bitcoin Trust ETF has a 52 week low of $33.48 and a 52 week high of $71.82.
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.
See Also
- Five stocks we like better than iShares Bitcoin Trust ETF
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
Receive News & Ratings for iShares Bitcoin Trust ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Bitcoin Trust ETF and related companies with MarketBeat.com's FREE daily email newsletter.
