Green Ridge Wealth Planning LLC Acquires New Stake in iShares Bitcoin Trust ETF $IBIT

Green Ridge Wealth Planning LLC purchased a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 24,378 shares of the company’s stock, valued at approximately $1,210,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBIT. Advisortrust Partners LLC bought a new stake in iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $2,284,000. Audent Global Asset Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 11.7% in the 4th quarter. Audent Global Asset Management LLC now owns 96,993 shares of the company’s stock worth $4,816,000 after buying an additional 10,130 shares during the last quarter. Corient Private Wealth LLC raised its position in iShares Bitcoin Trust ETF by 35.1% during the fourth quarter. Corient Private Wealth LLC now owns 648,913 shares of the company’s stock valued at $32,067,000 after purchasing an additional 168,720 shares during the period. Union Savings Bank bought a new stake in iShares Bitcoin Trust ETF in the fourth quarter worth $45,000. Finally, Redwood Family Wealth LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth about $293,000.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT stock opened at $35.62 on Friday. iShares Bitcoin Trust ETF has a 52-week low of $33.48 and a 52-week high of $71.82. The stock has a 50 day moving average price of $41.54 and a 200 day moving average price of $43.73.

About iShares Bitcoin Trust ETF

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.