360 Financial Inc. Makes New Investment in iShares Bitcoin Trust ETF $IBIT

360 Financial Inc. acquired a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 82,326 shares of the company’s stock, valued at approximately $5,351,000. iShares Bitcoin Trust ETF makes up 1.7% of 360 Financial Inc.’s investment portfolio, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sachetta LLC raised its stake 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 in the last quarter. Roble Belko & Company Inc raised its position in shares of iShares Bitcoin Trust ETF by 77.2% during the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Highline Wealth Partners LLC raised its position in shares of iShares Bitcoin Trust ETF by 150.0% during the 3rd quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. Semmax Financial Advisors Inc. lifted its stake in iShares Bitcoin Trust ETF by 135.9% during the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new position in iShares Bitcoin Trust ETF in the second quarter valued at approximately $34,000.

iShares Bitcoin Trust ETF Trading Down 2.5%

Shares of iShares Bitcoin Trust ETF stock opened at $38.26 on Friday. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week high of $71.82. The firm’s 50 day moving average is $46.41 and its two-hundred day moving average is $55.56.

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.