Abich Financial Wealth Management LLC Makes New $1.81 Million Investment in iShares Bitcoin Trust ETF $IBIT

Abich Financial Wealth Management LLC acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 27,785 shares of the company’s stock, valued at approximately $1,806,000. iShares Bitcoin Trust ETF comprises about 0.6% of Abich Financial Wealth Management LLC’s holdings, making the stock its 13th biggest holding.

A number of other hedge funds have also recently modified their holdings of the stock. 1776 Wealth LLC lifted its position in iShares Bitcoin Trust ETF by 77.6% in the third quarter. 1776 Wealth LLC now owns 17,335 shares of the company’s stock valued at $1,127,000 after acquiring an additional 7,573 shares during the last quarter. Atria Investments Inc grew its holdings in shares of iShares Bitcoin Trust ETF by 12.8% during the third quarter. Atria Investments Inc now owns 59,476 shares of the company’s stock worth $3,866,000 after purchasing an additional 6,752 shares during the last quarter. Verde Servicos Internacionais S.A. increased its position in shares of iShares Bitcoin Trust ETF by 167.4% during the third quarter. Verde Servicos Internacionais S.A. now owns 1,813,449 shares of the company’s stock worth $117,874,000 after purchasing an additional 1,135,290 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of iShares Bitcoin Trust ETF by 17.3% in the 3rd quarter. Wedbush Securities Inc. now owns 38,696 shares of the company’s stock valued at $2,515,000 after purchasing an additional 5,696 shares during the last quarter. Finally, Haven Private LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the 3rd quarter valued at about $284,000.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $37.05 on Friday. The business has a 50-day moving average price of $48.91 and a 200 day moving average price of $57.49. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week high of $71.82.

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.