Friedenthal Financial Buys 1,408 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Friedenthal Financial increased its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 87.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,023 shares of the company’s stock after acquiring an additional 1,408 shares during the period. Friedenthal Financial’s holdings in iShares Bitcoin Trust were worth $109,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. FinTrust Capital Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $26,000. Glass Jacobson Investment Advisors llc bought a new stake in iShares Bitcoin Trust during the second quarter worth $26,000. Asset Dedication LLC lifted its stake in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares during the last quarter. Sound Income Strategies LLC bought a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at about $30,000. Finally, Creekmur Asset Management LLC acquired a new position in shares of iShares Bitcoin Trust during the 1st quarter worth about $30,000.

iShares Bitcoin Trust Stock Up 2.7 %

Shares of IBIT stock opened at $39.07 on Friday. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The firm’s 50-day moving average is $34.80 and its 200-day moving average is $36.02.

iShares Bitcoin Trust 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.