iShares Bitcoin Trust (NASDAQ:IBIT) Shares Acquired by World Equity Group Inc.

World Equity Group Inc. raised its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 128.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,620 shares of the company’s stock after acquiring an additional 11,593 shares during the period. World Equity Group Inc.’s holdings in iShares Bitcoin Trust were worth $1,094,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IBIT. Sequoia Financial Advisors LLC boosted its stake in iShares Bitcoin Trust by 46.9% in the third quarter. Sequoia Financial Advisors LLC now owns 31,024 shares of the company’s stock valued at $1,121,000 after acquiring an additional 9,902 shares during the period. International Assets Investment Management LLC boosted its stake in iShares Bitcoin Trust by 3,513.0% in the third quarter. International Assets Investment Management LLC now owns 32,517 shares of the company’s stock valued at $1,175,000 after acquiring an additional 31,617 shares during the period. Dakota Wealth Management boosted its stake in iShares Bitcoin Trust by 6.2% in the third quarter. Dakota Wealth Management now owns 61,418 shares of the company’s stock valued at $2,219,000 after acquiring an additional 3,592 shares during the period. Pettinga Financial Advisors LLC boosted its stake in iShares Bitcoin Trust by 34.8% in the third quarter. Pettinga Financial Advisors LLC now owns 8,630 shares of the company’s stock valued at $312,000 after acquiring an additional 2,230 shares during the period. Finally, Joel Isaacson & Co. LLC acquired a new position in iShares Bitcoin Trust in the third quarter valued at approximately $253,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $53.94 on Friday. The business has a 50 day moving average of $56.07 and a two-hundred day moving average of $46.07. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.

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.