IFP Advisors Inc Acquires 13,789 Shares of iShares Bitcoin Trust ETF $IBIT

IFP Advisors Inc boosted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 67.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,232 shares of the company’s stock after buying an additional 13,789 shares during the period. IFP Advisors Inc’s holdings in iShares Bitcoin Trust ETF were worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sachetta LLC lifted its position in shares of iShares Bitcoin Trust ETF by 793.0% during the third quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after acquiring an additional 341 shares in the last quarter. Chapman Financial Group LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the third quarter valued at $25,000. Anchor Investment Management LLC raised its stake in shares of iShares Bitcoin Trust ETF by 210.3% during the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after purchasing an additional 305 shares during the period. Roble Belko & Company Inc raised its stake 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 valued at $30,000 after purchasing an additional 200 shares during the period. Finally, Financial Life Planners purchased a new stake in iShares Bitcoin Trust ETF during the 3rd quarter worth about $31,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $39.78 on Friday. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week high of $71.82. The business has a 50-day simple moving average of $43.03 and a two-hundred day simple moving average of $52.70.

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.