Concentrum Wealth Management cut its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 12.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,331 shares of the company’s stock after selling 14,640 shares during the period. iShares Bitcoin Trust ETF comprises approximately 0.8% of Concentrum Wealth Management’s investment portfolio, making the stock its 20th biggest position. Concentrum Wealth Management’s holdings in iShares Bitcoin Trust ETF were worth $3,506,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. raised its holdings in shares of iShares Bitcoin Trust ETF by 12,500.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after buying an additional 500 shares in the last quarter. Key Capital Management INC acquired a new stake in iShares Bitcoin Trust ETF in the fourth quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC boosted its stake in iShares Bitcoin Trust ETF by 637.5% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after buying an additional 459 shares in the last quarter. Sfam LLC bought a new position in iShares Bitcoin Trust ETF in the fourth quarter valued at about $26,000. Finally, Allied Private Wealth LLC bought a new position in iShares Bitcoin Trust ETF in the second quarter valued at about $28,000.
iShares Bitcoin Trust ETF Price Performance
IBIT stock opened at $35.63 on Friday. The firm has a 50-day moving average price of $35.88 and a 200-day moving average price of $39.45. iShares Bitcoin Trust ETF has a 12 month low of $32.84 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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