Concurrent Investment Advisors LLC Boosts Holdings in iShares Bitcoin Trust ETF $IBIT

Concurrent Investment Advisors LLC boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 49.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,914 shares of the company’s stock after purchasing an additional 29,273 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $4,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of IBIT. Caprock Group LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter valued at $1,536,000. Kingstone Capital Partners Texas LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 50.6% during the 3rd quarter. Kingstone Capital Partners Texas LLC now owns 64,924 shares of the company’s stock valued at $4,220,000 after purchasing an additional 21,815 shares during the last quarter. Calamos Wealth Management LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 81.0% during the 3rd quarter. Calamos Wealth Management LLC now owns 49,258 shares of the company’s stock valued at $3,202,000 after purchasing an additional 22,045 shares during the last quarter. Kercheville Advisors LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 194.4% during the 3rd quarter. Kercheville Advisors LLC now owns 16,853 shares of the company’s stock valued at $1,095,000 after purchasing an additional 11,128 shares during the last quarter. Finally, Investment House LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter valued at $800,000.

iShares Bitcoin Trust ETF Stock Down 1.1%

IBIT stock opened at $43.55 on Tuesday. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week high of $71.82. The firm’s fifty day moving average is $40.10 and its 200 day moving average is $48.08.

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.