Atlas Private Wealth Advisors Takes $543,000 Position in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Atlas Private Wealth Advisors bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the first quarter, HoldingsChannel reports. The firm bought 11,606 shares of the company’s stock, valued at approximately $543,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBIT. Brighton Jones LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $711,000. Savant Capital LLC increased its position in iShares Bitcoin Trust ETF by 25.2% during the 4th quarter. Savant Capital LLC now owns 13,597 shares of the company’s stock valued at $721,000 after buying an additional 2,733 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new position in iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $452,000. Banque Pictet & Cie SA bought a new position in iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $530,000. Finally, Blue Trust Inc. increased its position in iShares Bitcoin Trust ETF by 14.8% during the 4th quarter. Blue Trust Inc. now owns 5,360 shares of the company’s stock valued at $284,000 after buying an additional 691 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Down 1.6%

IBIT stock opened at $59.74 on Friday. iShares Bitcoin Trust ETF has a twelve month low of $28.23 and a twelve month high of $63.70. The business has a 50 day moving average of $55.86 and a 200 day moving average of $54.24.

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.