iShares Bitcoin Trust ETF $IBIT Shares Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 21.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,014 shares of the company’s stock after acquiring an additional 1,226 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBIT. American Capital Advisory LLC raised its stake in iShares Bitcoin Trust ETF by 144.7% during the first quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock worth $26,000 after acquiring an additional 327 shares during the period. Mather Group LLC. raised its stake in iShares Bitcoin Trust ETF by 164.2% during the first quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after acquiring an additional 376 shares during the period. Berbice Capital Management LLC raised its stake in iShares Bitcoin Trust ETF by 100.0% during the first quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock worth $28,000 after acquiring an additional 300 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in iShares Bitcoin Trust ETF during the first quarter worth about $30,000. Finally, TD Capital Management LLC raised its stake in iShares Bitcoin Trust ETF by 48.9% during the first quarter. TD Capital Management LLC now owns 636 shares of the company’s stock worth $30,000 after acquiring an additional 209 shares during the period.

iShares Bitcoin Trust ETF Trading Down 1.3%

IBIT opened at $65.50 on Tuesday. iShares Bitcoin Trust ETF has a fifty-two week low of $32.69 and a fifty-two week high of $69.89. The company’s 50-day moving average price is $65.38 and its 200 day moving average price is $58.22.

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.