Whalen Wealth Management Inc. boosted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 355.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,911 shares of the company’s stock after purchasing an additional 18,660 shares during the quarter. Whalen Wealth Management Inc.’s holdings in iShares Bitcoin Trust ETF were worth $1,119,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of IBIT. Brighton Jones LLC acquired a new position in iShares Bitcoin Trust ETF during the 4th quarter valued at $711,000. Truist Financial Corp increased its holdings in iShares Bitcoin Trust ETF by 60.7% in the 4th quarter. Truist Financial Corp now owns 21,865 shares of the company’s stock valued at $1,160,000 after buying an additional 8,255 shares during the period. Atria Wealth Solutions Inc. bought a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at $724,000. Ieq Capital LLC bought a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at $252,000. Finally, Callan Capital LLC bought a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at $204,000.
iShares Bitcoin Trust ETF Price Performance
Shares of iShares Bitcoin Trust ETF stock opened at $58.67 on Monday. The company’s fifty day moving average price is $57.21 and its two-hundred day moving average price is $54.38. iShares Bitcoin Trust ETF has a 52-week low of $28.23 and a 52-week high of $63.70.
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.
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