Wealth Group Ltd raised its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 108.6% in the third quarter, HoldingsChannel reports. The fund owned 22,732 shares of the company’s stock after purchasing an additional 11,833 shares during the period. Wealth Group Ltd’s holdings in iShares Bitcoin Trust ETF were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of the stock. TD Waterhouse Canada Inc. boosted its holdings in iShares Bitcoin Trust ETF by 3.6% in the second quarter. TD Waterhouse Canada Inc. now owns 7,015 shares of the company’s stock valued at $238,000 after purchasing an additional 243 shares in the last quarter. Retirement Planning Group LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 2.0% in the 1st quarter. Retirement Planning Group LLC now owns 12,783 shares of the company’s stock valued at $491,000 after buying an additional 245 shares in the last quarter. Forum Financial Management LP grew its position in shares of iShares Bitcoin Trust ETF by 1.8% in the 1st quarter. Forum Financial Management LP now owns 15,698 shares of the company’s stock valued at $603,000 after buying an additional 279 shares during the last quarter. Wealth Preservation Advisors LLC raised its stake in iShares Bitcoin Trust ETF by 13.8% during the 4th quarter. Wealth Preservation Advisors LLC now owns 2,303 shares of the company’s stock worth $114,000 after acquiring an additional 280 shares in the last quarter. Finally, Pennsylvania Capital Management Inc. ADV raised its stake in iShares Bitcoin Trust ETF by 4.1% during the 1st quarter. Pennsylvania Capital Management Inc. ADV now owns 7,569 shares of the company’s stock worth $291,000 after acquiring an additional 299 shares in the last quarter.
iShares Bitcoin Trust ETF Stock Performance
Shares of IBIT stock traded down $1.41 during mid-day trading on Wednesday, hitting $47.08. 33,362,019 shares of the stock were exchanged, compared to its average volume of 52,529,879. The stock’s fifty day simple moving average is $42.63 and its two-hundred day simple moving average is $40.54. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $70.59.
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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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
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