Sound View Wealth Advisors Group LLC increased its position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,738 shares of the company’s stock after acquiring an additional 1,751 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in iShares Bitcoin Trust were worth $570,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Pettinga Financial Advisors LLC increased its stake in shares of 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 purchasing an additional 2,230 shares during the period. Summit Global Investments grew its holdings in iShares Bitcoin Trust by 3.3% in the 3rd quarter. Summit Global Investments now owns 11,214 shares of the company’s stock worth $405,000 after buying an additional 355 shares in the last quarter. Leavell Investment Management Inc. acquired a new stake in iShares Bitcoin Trust in the 3rd quarter valued at approximately $217,000. CWA Asset Management Group LLC bought a new stake in iShares Bitcoin Trust during the 3rd quarter valued at $3,276,000. Finally, Verdence Capital Advisors LLC acquired a new position in iShares Bitcoin Trust during the 3rd quarter worth $295,000.
iShares Bitcoin Trust Price Performance
Shares of IBIT opened at $49.43 on Monday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The stock’s fifty day moving average is $54.78 and its 200-day moving average is $47.38.
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.
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