Naviter Wealth LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,356 shares of the company’s stock, valued at approximately $257,000.
Other institutional investors have also recently made changes to their positions in the company. Brookstone Capital Management bought a new position in iShares Bitcoin Trust during the first quarter valued at about $7,017,000. Traynor Capital Management Inc. purchased a new position in shares of iShares Bitcoin Trust during the first quarter worth about $3,666,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $3,983,000. Udine Wealth Management Inc. purchased a new position in shares of iShares Bitcoin Trust in the 1st quarter worth about $2,035,000. Finally, Fiduciary Alliance LLC purchased a new position in shares of iShares Bitcoin Trust during the first quarter worth approximately $5,380,000.
iShares Bitcoin Trust Trading Down 2.2 %
Shares of IBIT stock traded down $0.78 during mid-day trading on Tuesday, reaching $35.22. The stock had a trading volume of 13,645,010 shares, compared to its average volume of 32,123,910. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The company has a 50-day moving average price of $37.08.
About iShares Bitcoin Trust
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.
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