iShares Bitcoin Trust ETF $IBIT is Fiduciary Alliance LLC’s 9th Largest Position

Fiduciary Alliance LLC raised its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 9.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 341,648 shares of the company’s stock after purchasing an additional 28,450 shares during the period. iShares Bitcoin Trust ETF accounts for approximately 1.5% of Fiduciary Alliance LLC’s portfolio, making the stock its 9th biggest holding. Fiduciary Alliance LLC’s holdings in iShares Bitcoin Trust ETF were worth $22,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Group Ltd lifted its stake in shares of iShares Bitcoin Trust ETF by 59.2% in the third quarter. Wealth Group Ltd now owns 6,394 shares of the company’s stock worth $416,000 after buying an additional 2,378 shares in the last quarter. Wedmont Private Capital grew its stake in iShares Bitcoin Trust ETF by 51.8% during the 3rd quarter. Wedmont Private Capital now owns 29,372 shares of the company’s stock valued at $2,030,000 after acquiring an additional 10,018 shares in the last quarter. Ignite Planners LLC raised its holdings in iShares Bitcoin Trust ETF by 28.1% in the 3rd quarter. Ignite Planners LLC now owns 6,354 shares of the company’s stock valued at $413,000 after acquiring an additional 1,395 shares during the last quarter. KWB Wealth acquired a new stake in iShares Bitcoin Trust ETF in the 3rd quarter valued at about $227,000. Finally, Accel Wealth Management lifted its stake in iShares Bitcoin Trust ETF by 19.9% in the 3rd quarter. Accel Wealth Management now owns 19,828 shares of the company’s stock worth $1,289,000 after purchasing an additional 3,289 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

IBIT stock opened at $48.71 on Thursday. iShares Bitcoin Trust ETF has a 1 year low of $42.98 and a 1 year high of $71.82. The business has a 50 day simple moving average of $56.51 and a 200-day simple moving average of $61.48.

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.