iShares Bitcoin Trust (NASDAQ:IBIT) Shares Purchased by Private Wealth Management Group LLC

Private Wealth Management Group LLC raised its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 260.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,491 shares of the company’s stock after acquiring an additional 1,800 shares during the period. Private Wealth Management Group LLC’s holdings in iShares Bitcoin Trust were worth $132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IBIT. Renaissance Technologies LLC acquired a new position in iShares Bitcoin Trust in the second quarter valued at approximately $505,000. Thrivent Financial for Lutherans lifted its stake in iShares Bitcoin Trust by 12.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company’s stock worth $529,000 after acquiring an additional 1,748 shares in the last quarter. Truist Financial Corp boosted its holdings in iShares Bitcoin Trust by 17.2% during the 2nd quarter. Truist Financial Corp now owns 9,801 shares of the company’s stock valued at $335,000 after acquiring an additional 1,436 shares during the period. Sanctuary Advisors LLC purchased a new position in iShares Bitcoin Trust during the 2nd quarter valued at about $392,000. Finally, Park Avenue Securities LLC purchased a new stake in iShares Bitcoin Trust during the third quarter worth about $919,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT opened at $55.33 on Thursday. The company’s 50-day simple moving average is $56.35 and its 200-day simple moving average is $44.55. iShares Bitcoin Trust has a 1 year low of $24.45 and a 1 year high of $61.75.

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.