Financial Sense Advisors Inc. Takes $1.28 Million Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Financial Sense Advisors Inc. acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 31,585 shares of the company’s stock, valued at approximately $1,278,000.

Several other institutional investors have also added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new position in shares of iShares Bitcoin Trust in the first quarter worth about $30,000. Salem Investment Counselors Inc. purchased a new stake in shares of iShares Bitcoin Trust during the first quarter worth $41,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of iShares Bitcoin Trust in the first quarter worth $84,000. AlphaMark Advisors LLC purchased a new position in shares of iShares Bitcoin Trust in the first quarter valued at $103,000. Finally, Pettinga Financial Advisors LLC bought a new position in iShares Bitcoin Trust in the 1st quarter worth about $204,000.

iShares Bitcoin Trust Trading Down 2.2 %

Shares of IBIT opened at $34.44 on Thursday. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99. The firm’s 50-day moving average is $37.04.

About iShares Bitcoin Trust

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.