Falcon Wealth Planning bought a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,443 shares of the company’s stock, valued at approximately $211,000.
Several other hedge funds also recently bought and sold shares of IBIT. Brighton Jones LLC acquired a new stake in iShares Bitcoin Trust ETF in the fourth quarter worth $711,000. Bison Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $3,140,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 58.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 140,574 shares of the company’s stock worth $7,457,000 after acquiring an additional 52,057 shares during the period. Kera Capital Partners Inc. raised its holdings in shares of iShares Bitcoin Trust ETF by 34.6% during the first quarter. Kera Capital Partners Inc. now owns 5,692 shares of the company’s stock worth $266,000 after acquiring an additional 1,464 shares during the period. Finally, First Hawaiian Bank raised its holdings in shares of iShares Bitcoin Trust ETF by 6.8% during the first quarter. First Hawaiian Bank now owns 14,452 shares of the company’s stock worth $676,000 after acquiring an additional 925 shares during the period.
iShares Bitcoin Trust ETF Stock Performance
Shares of NASDAQ:IBIT opened at $61.94 on Friday. iShares Bitcoin Trust ETF has a 12 month low of $33.47 and a 12 month high of $69.89. The company’s fifty day simple moving average is $65.10 and its 200 day simple moving average is $59.06.
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.
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