Palumbo Wealth Management LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,397 shares of the company’s stock, valued at approximately $658,000.
Several other institutional investors also recently modified their holdings of IBIT. Truist Financial Corp grew its stake in shares of iShares Bitcoin Trust by 17.2% in the second quarter. Truist Financial Corp now owns 9,801 shares of the company’s stock worth $335,000 after purchasing an additional 1,436 shares during the last quarter. Creative Planning grew its stake in shares of iShares Bitcoin Trust by 0.9% in the third quarter. Creative Planning now owns 186,104 shares of the company’s stock worth $6,724,000 after purchasing an additional 1,632 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of iShares Bitcoin Trust in the third quarter worth $89,000. Trust Co. of Vermont grew its stake in shares of iShares Bitcoin Trust by 152.9% in the third quarter. Trust Co. of Vermont now owns 1,644 shares of the company’s stock worth $59,000 after purchasing an additional 994 shares during the last quarter. Finally, AlphaMark Advisors LLC bought a new stake in shares of iShares Bitcoin Trust in the third quarter worth $81,000.
iShares Bitcoin Trust Price Performance
Shares of iShares Bitcoin Trust stock opened at $55.33 on Friday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The company’s fifty day moving average is $56.25 and its 200 day moving average is $45.46.
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.
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