Ritholtz Wealth Management Makes New $227,000 Investment in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Ritholtz Wealth Management bought a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,860 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hoey Investments Inc. grew its stake in shares of iShares Bitcoin Trust ETF by 10.9% during the first quarter. Hoey Investments Inc. now owns 5,095 shares of the company’s stock worth $238,000 after buying an additional 500 shares during the last quarter. Avaii Wealth Management LLC grew its stake in shares of iShares Bitcoin Trust ETF by 14.0% in the first quarter. Avaii Wealth Management LLC now owns 7,154 shares of the company’s stock worth $335,000 after purchasing an additional 879 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the first quarter worth $49,000. IAG Wealth Partners LLC grew its stake in shares of iShares Bitcoin Trust ETF by 154.8% in the first quarter. IAG Wealth Partners LLC now owns 1,529 shares of the company’s stock worth $72,000 after purchasing an additional 929 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares Bitcoin Trust ETF by 31.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 184,869 shares of the company’s stock worth $8,654,000 after purchasing an additional 44,295 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of iShares Bitcoin Trust ETF stock opened at $58.67 on Friday. iShares Bitcoin Trust ETF has a twelve month low of $28.23 and a twelve month high of $63.70. The company’s fifty day moving average is $57.21 and its 200 day moving average is $54.41.

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.