Fiduciary Alliance LLC Makes New $5.38 Million Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Fiduciary Alliance LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 135,350 shares of the company’s stock, valued at approximately $5,380,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brookstone Capital Management purchased a new stake in iShares Bitcoin Trust during the first quarter valued at approximately $7,017,000. Epiq Partners LLC bought a new position in iShares Bitcoin Trust during the first quarter valued at $4,207,000. Kingswood Wealth Advisors LLC bought a new stake in iShares Bitcoin Trust in the first quarter worth about $3,983,000. Traynor Capital Management Inc. bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $3,666,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of iShares Bitcoin Trust during the first quarter valued at $3,416,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT traded down $0.84 during trading on Friday, hitting $34.14. 18,313,090 shares of the stock traded hands, compared to its average volume of 32,399,723. The business’s fifty day simple moving average is $37.18. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99.

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.