iShares Bitcoin Trust ETF $IBIT Position Boosted by BCS Wealth Management

BCS Wealth Management raised its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 176.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,682 shares of the company’s stock after acquiring an additional 17,046 shares during the quarter. BCS Wealth Management’s holdings in iShares Bitcoin Trust ETF were worth $1,325,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. McIlrath & Eck LLC grew its stake in iShares Bitcoin Trust ETF by 30.3% during the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after acquiring an additional 163 shares in the last quarter. Vivaldi Capital Management LP grew its stake in shares of iShares Bitcoin Trust ETF by 3.3% in the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after buying an additional 163 shares in the last quarter. Howard Capital Management Group LLC grew its stake in shares of iShares Bitcoin Trust ETF by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock valued at $1,670,000 after buying an additional 165 shares in the last quarter. Encompass Wealth Advisors LLC grew its stake in shares of iShares Bitcoin Trust ETF by 2.2% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock valued at $498,000 after buying an additional 165 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its stake in shares of iShares Bitcoin Trust ETF by 3.3% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock valued at $345,000 after buying an additional 172 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $42.56 on Thursday. The business has a 50 day simple moving average of $39.28 and a 200 day simple moving average of $49.60. 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.