Integrated Wealth Concepts LLC increased its position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 60.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 60,398 shares of the company's stock after purchasing an additional 22,846 shares during the period. Integrated Wealth Concepts LLC's holdings in iShares Bitcoin Trust were worth $3,204,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in IBIT. SOA Wealth Advisors LLC. grew its stake in iShares Bitcoin Trust by 38.5% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,619 shares of the company's stock valued at $58,000 after buying an additional 450 shares during the last quarter. Pine Valley Investments Ltd Liability Co bought a new position in iShares Bitcoin Trust during the third quarter worth about $353,000. World Investment Advisors LLC boosted its stake in iShares Bitcoin Trust by 31.1% in the 3rd quarter. World Investment Advisors LLC now owns 11,888 shares of the company's stock valued at $430,000 after buying an additional 2,823 shares in the last quarter. Tidal Investments LLC increased its position in shares of iShares Bitcoin Trust by 12.4% during the 3rd quarter. Tidal Investments LLC now owns 228,354 shares of the company's stock worth $8,250,000 after purchasing an additional 25,232 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of iShares Bitcoin Trust in the third quarter valued at approximately $1,107,000.
iShares Bitcoin Trust Trading Down 1.3 %
IBIT traded down $0.71 during midday trading on Wednesday, hitting $53.51. The company had a trading volume of 33,947,161 shares, compared to its average volume of 45,666,012. The firm's 50-day simple moving average is $48.74 and its 200-day simple moving average is $50.95. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75.
iShares Bitcoin Trust Profile
(
Free Report)
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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