Magnus Financial Group LLC Purchases Shares of 10,431 iShares Bitcoin Trust (NASDAQ:IBIT)

Magnus Financial Group LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,431 shares of the company’s stock, valued at approximately $377,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBIT. Bfsg LLC increased its stake in iShares Bitcoin Trust by 34.7% in the 2nd quarter. Bfsg LLC now owns 1,360 shares of the company’s stock worth $46,000 after purchasing an additional 350 shares during the period. Doliver Advisors LP increased its stake in shares of iShares Bitcoin Trust by 4.9% in the third quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock worth $273,000 after buying an additional 350 shares during the period. Cedar Mountain Advisors LLC raised its holdings in iShares Bitcoin Trust by 39.1% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,362 shares of the company’s stock valued at $46,000 after buying an additional 383 shares during the last quarter. Mirador Capital Partners LP boosted its position in iShares Bitcoin Trust by 4.0% during the 3rd quarter. Mirador Capital Partners LP now owns 10,057 shares of the company’s stock valued at $363,000 after buying an additional 384 shares during the period. Finally, Csenge Advisory Group grew its holdings in iShares Bitcoin Trust by 3.0% in the 2nd quarter. Csenge Advisory Group now owns 14,477 shares of the company’s stock worth $494,000 after acquiring an additional 423 shares during the last quarter.

iShares Bitcoin Trust Stock Up 1.6 %

Shares of NASDAQ:IBIT opened at $38.17 on Wednesday. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $41.99. The company has a 50-day moving average price of $34.48 and a 200-day moving average price of $35.99.

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.