Midwest Financial Group LLC Acquires New Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Midwest Financial Group LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,248 shares of the company’s stock, valued at approximately $385,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Impact Partnership Wealth LLC boosted its stake in shares of iShares Bitcoin Trust by 8.6% during the 4th quarter. Impact Partnership Wealth LLC now owns 151,838 shares of the company’s stock worth $8,055,000 after acquiring an additional 12,048 shares in the last quarter. Patriot Investment Management Group Inc. raised its holdings in iShares Bitcoin Trust by 759.6% during the fourth quarter. Patriot Investment Management Group Inc. now owns 95,115 shares of the company’s stock worth $5,046,000 after purchasing an additional 84,050 shares during the last quarter. LexAurum Advisors LLC boosted its position in iShares Bitcoin Trust by 18.4% during the fourth quarter. LexAurum Advisors LLC now owns 15,151 shares of the company’s stock worth $804,000 after purchasing an additional 2,358 shares in the last quarter. RFG Advisory LLC grew its holdings in iShares Bitcoin Trust by 216.2% in the fourth quarter. RFG Advisory LLC now owns 53,794 shares of the company’s stock valued at $2,854,000 after purchasing an additional 36,780 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in iShares Bitcoin Trust in the fourth quarter valued at $711,000.

iShares Bitcoin Trust Stock Up 2.0 %

NASDAQ:IBIT opened at $59.99 on Friday. iShares Bitcoin Trust has a 52-week low of $22.58 and a 52-week high of $61.75. The stock has a fifty day simple moving average of $55.44 and a 200-day simple moving average of $43.00.

iShares Bitcoin Trust Company 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.