Modus Advisors LLC increased its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 99.0% during the 4th quarter, HoldingsChannel reports. The fund owned 117,516 shares of the company’s stock after acquiring an additional 58,456 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 1.5% of Modus Advisors LLC’s portfolio, making the stock its 20th biggest holding. Modus Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $5,835,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Caprock Group LLC purchased a new stake in iShares Bitcoin Trust ETF in the 3rd quarter valued at about $1,536,000. Brighton Jones LLC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at about $711,000. Cassaday & Co Wealth Management LLC raised its holdings 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 valued at $2,074,000 after buying an additional 22,727 shares during the period. Concentrum Wealth Management raised its holdings 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 valued at $8,702,000 after buying an additional 19,269 shares during the period. Finally, Procyon Advisors LLC raised its holdings in iShares Bitcoin Trust ETF by 920.1% in the 4th quarter. Procyon Advisors LLC now owns 227,604 shares of the company’s stock valued at $11,301,000 after buying an additional 205,292 shares during the period.
iShares Bitcoin Trust ETF Stock Performance
Shares of IBIT opened at $34.14 on Friday. The company’s 50-day moving average price is $42.04 and its 200 day moving average price is $44.74. iShares Bitcoin Trust ETF has a 12-month low of $33.48 and a 12-month high of $71.82.
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.
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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).
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