Pursuit Wealth Management LLC Takes $1.13 Million Position in iShares Bitcoin Trust ETF $IBIT

Pursuit Wealth Management LLC acquired a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 22,842 shares of the company’s stock, valued at approximately $1,134,000. iShares Bitcoin Trust ETF accounts for 1.0% of Pursuit Wealth Management LLC’s holdings, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sachetta LLC lifted its position in shares of iShares Bitcoin Trust ETF by 793.0% during the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after buying an additional 341 shares during the period. Chapman Financial Group LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth approximately $25,000. Anchor Investment Management LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 210.3% during the third quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after purchasing an additional 305 shares during the last quarter. Roble Belko & Company Inc lifted its holdings in iShares Bitcoin Trust ETF by 77.2% during the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. Finally, Financial Life Planners bought a new stake in shares of iShares Bitcoin Trust ETF during the third quarter valued at approximately $31,000.

iShares Bitcoin Trust ETF Trading Up 1.0%

Shares of IBIT opened at $42.56 on Thursday. iShares Bitcoin Trust ETF has a 12-month low of $35.30 and a 12-month high of $71.82. The business’s fifty day moving average is $39.28 and its 200 day moving average is $49.60.

iShares Bitcoin Trust ETF 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.