iShares Bitcoin Trust ETF $IBIT Shares Acquired by Austin Wealth Management LLC

Austin Wealth Management LLC increased its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 214.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,496 shares of the company’s stock after buying an additional 11,245 shares during the period. Austin Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,094,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at about $711,000. Bison Wealth LLC purchased a new position in iShares Bitcoin Trust ETF in the fourth quarter valued at about $3,140,000. Bank of New York Mellon Corp boosted its holdings in iShares Bitcoin Trust ETF by 89.9% in the first quarter. Bank of New York Mellon Corp now owns 48,073 shares of the company’s stock valued at $2,250,000 after purchasing an additional 22,764 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in iShares Bitcoin Trust ETF by 57.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 325,241 shares of the company’s stock valued at $15,225,000 after purchasing an additional 118,605 shares in the last quarter. Finally, CWM LLC increased its holdings in iShares Bitcoin Trust ETF by 67.2% during the 1st quarter. CWM LLC now owns 224,418 shares of the company’s stock worth $10,505,000 after purchasing an additional 90,197 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Down 3.1%

Shares of IBIT opened at $58.35 on Wednesday. The business’s 50 day moving average is $63.85 and its two-hundred day moving average is $62.76. iShares Bitcoin Trust ETF has a 52-week low of $42.98 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.