Finivi Inc. Invests $772,000 in iShares Bitcoin Trust ETF $IBIT

Finivi Inc. bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,543 shares of the company’s stock, valued at approximately $772,000.

Several other large investors have also recently bought and sold shares of IBIT. Sachetta LLC increased its holdings in iShares Bitcoin Trust ETF by 793.0% in 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. Chapman Financial Group LLC purchased a new position in iShares Bitcoin Trust ETF in the third quarter valued at $25,000. Key Capital Management INC purchased a new position in iShares Bitcoin Trust ETF in the fourth quarter valued at $26,000. Anchor Investment Management LLC increased its holdings in iShares Bitcoin Trust ETF by 210.3% in the third quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after buying an additional 305 shares during the last quarter. Finally, Roble Belko & Company Inc increased its holdings in iShares Bitcoin Trust ETF by 77.2% in the third quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ:IBIT opened at $43.25 on Tuesday. The business’s fifty day moving average price is $39.56 and its 200 day moving average price is $48.99. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82.

About iShares Bitcoin Trust ETF

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.