BNC Wealth Management LLC Grows Stake in iShares Bitcoin Trust ETF $IBIT

BNC Wealth Management LLC increased its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 22.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,567 shares of the company’s stock after buying an additional 17,398 shares during the quarter. iShares Bitcoin Trust ETF comprises 1.6% of BNC Wealth Management LLC’s portfolio, making the stock its 19th largest position. BNC Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $6,147,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Signature Resources Capital Management LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 81.6% in the second quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares during the period. RMG Wealth Management LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter valued at approximately $30,000. JFS Wealth Advisors LLC grew its position in shares of iShares Bitcoin Trust ETF by 1,277.1% during the second quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock worth $30,000 after buying an additional 447 shares in the last quarter. Semmax Financial Advisors Inc. increased its stake in shares of iShares Bitcoin Trust ETF by 135.9% in the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after buying an additional 284 shares during the last quarter. Finally, WFA of San Diego LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the second quarter worth $34,000.

iShares Bitcoin Trust ETF Trading Up 3.9%

NASDAQ IBIT opened at $49.85 on Friday. The company’s fifty day moving average price is $55.77 and its two-hundred day moving average price is $61.33. iShares Bitcoin Trust ETF has a 12 month low of $42.98 and a 12 month 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.