Cassaday & Co Wealth Management LLC Increases Holdings in iShares Bitcoin Trust ETF $IBIT

Cassaday & Co Wealth Management LLC lifted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 247.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,909 shares of the company’s stock after acquiring an additional 22,727 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,074,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sachetta LLC raised its position in shares of iShares Bitcoin Trust ETF by 793.0% during the third quarter. Sachetta LLC now owns 384 shares of the company’s stock valued at $25,000 after buying an additional 341 shares during the last quarter. Roble Belko & Company Inc increased its holdings in iShares Bitcoin Trust ETF by 77.2% in the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Highline Wealth Partners LLC lifted its stake in iShares Bitcoin Trust ETF by 150.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. Semmax Financial Advisors Inc. boosted its holdings in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after purchasing an additional 284 shares during the last quarter. Finally, WFA of San Diego LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the second quarter valued at about $34,000.

iShares Bitcoin Trust ETF Stock Up 5.2%

Shares of IBIT stock opened at $38.97 on Tuesday. iShares Bitcoin Trust ETF has a 12-month low of $35.30 and a 12-month high of $71.82. The stock’s 50-day moving average price is $48.42 and its 200-day moving average price is $56.97.

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.