iShares Bitcoin Trust ETF $IBIT Position Lifted by Concentrum Wealth Management

Concentrum Wealth Management increased its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 16.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,870 shares of the company’s stock after purchasing an additional 19,269 shares during the quarter. iShares Bitcoin Trust ETF makes up 3.3% of Concentrum Wealth Management’s holdings, making the stock its 10th largest position. Concentrum Wealth Management’s holdings in iShares Bitcoin Trust ETF were worth $8,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. X Square Capital LLC raised its holdings in iShares Bitcoin Trust ETF by 4.1% in the third quarter. X Square Capital LLC now owns 134,733 shares of the company’s stock worth $8,758,000 after purchasing an additional 5,267 shares in the last quarter. Koshinski Asset Management Inc. grew its position in shares of iShares Bitcoin Trust ETF by 68.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 16,819 shares of the company’s stock worth $1,093,000 after buying an additional 6,812 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of iShares Bitcoin Trust ETF by 29.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 370,986 shares of the company’s stock worth $24,114,000 after acquiring an additional 84,790 shares in the last quarter. Ferguson Shapiro LLC purchased a new stake in iShares Bitcoin Trust ETF during the third quarter valued at approximately $722,000. Finally, OneDigital Investment Advisors LLC boosted its stake in iShares Bitcoin Trust ETF by 12.8% in the third quarter. OneDigital Investment Advisors LLC now owns 33,835 shares of the company’s stock valued at $2,199,000 after acquiring an additional 3,841 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Up 0.9%

NASDAQ IBIT opened at $38.42 on Monday. The firm’s fifty day simple moving average is $47.30 and its two-hundred day simple moving average is $56.22. iShares Bitcoin Trust ETF has a 12-month low of $35.30 and a 12-month high of $71.82.

iShares Bitcoin Trust ETF Company 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.