Proathlete Wealth Management LLC raised its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 12.8% in the first quarter, Holdings Channel.com reports. The firm owned 216,802 shares of the company’s stock after acquiring an additional 24,585 shares during the period. iShares Bitcoin Trust ETF makes up approximately 2.3% of Proathlete Wealth Management LLC’s holdings, making the stock its 9th largest holding. Proathlete Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $8,398,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Chapman Financial Group LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth about $25,000. Marshall & Sterling Wealth Advisors Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the period. Key Capital Management INC acquired a new stake in iShares Bitcoin Trust ETF during the fourth quarter worth about $26,000. Vermillion & White Wealth Management Group LLC grew its position in iShares Bitcoin Trust ETF by 637.5% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after buying an additional 459 shares in the last quarter. Finally, Sfam LLC acquired a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $26,000.
iShares Bitcoin Trust ETF Trading Up 2.6%
Shares of IBIT stock opened at $34.87 on Friday. The stock has a 50 day moving average of $40.10 and a two-hundred day moving average of $42.58. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $71.82.
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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
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