iShares Bitcoin Trust ETF $IBIT Stock Position Increased by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 95.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,777 shares of the company’s stock after acquiring an additional 12,078 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,230,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IBIT. Brighton Jones LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $711,000. Bison Wealth LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $3,140,000. Royal Bank of Canada grew its holdings in shares of iShares Bitcoin Trust ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after acquiring an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of iShares Bitcoin Trust ETF by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth $357,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $42.13 on Wednesday. The stock’s fifty day simple moving average is $39.26 and its 200 day simple moving average is $49.65. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week 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.