Strategic Advisory Partners LLC Acquires New Stake in iShares Bitcoin Trust ETF $IBIT

Strategic Advisory Partners LLC acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,144 shares of the company’s stock, valued at approximately $702,000. iShares Bitcoin Trust ETF comprises 0.6% of Strategic Advisory Partners LLC’s holdings, making the stock its 15th biggest holding.

Several other hedge funds have also added to or reduced their stakes in the stock. Chapman Financial Group LLC bought a new position in iShares Bitcoin Trust ETF in the 3rd quarter worth about $25,000. Marshall & Sterling Wealth Advisors Inc. increased its stake in 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 valued at $25,000 after purchasing an additional 500 shares in the last quarter. Key Capital Management INC bought a new stake in iShares Bitcoin Trust ETF during the 4th quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC increased its stake in iShares Bitcoin Trust ETF by 637.5% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after purchasing an additional 459 shares in the last quarter. Finally, Sfam LLC purchased a new position in iShares Bitcoin Trust ETF in the fourth quarter worth about $26,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $35.62 on Friday. The firm’s 50 day moving average price is $41.54 and its 200-day moving average price is $43.73. iShares Bitcoin Trust ETF has a 52-week low of $33.48 and a 52-week high of $71.82.

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.