iShares Bitcoin Trust ETF $IBIT Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC increased its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 20.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 65,660 shares of the company’s stock after acquiring an additional 11,276 shares during the quarter. HB Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $4,268,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 15.8% during the 2nd quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock worth $67,000 after acquiring an additional 150 shares during the period. McIlrath & Eck LLC increased its position in iShares Bitcoin Trust ETF by 30.3% during the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares during the last quarter. Vivaldi Capital Management LP raised its stake in iShares Bitcoin Trust ETF by 3.3% during the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after purchasing an additional 163 shares during the period. Howard Capital Management Group LLC boosted its holdings in iShares Bitcoin Trust ETF by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock valued at $1,670,000 after purchasing an additional 165 shares during the last quarter. Finally, Encompass Wealth Advisors LLC boosted its holdings in iShares Bitcoin Trust ETF by 2.2% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock valued at $498,000 after purchasing an additional 165 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $51.16 on Friday. The company has a 50 day simple moving average of $52.06 and a 200-day simple moving average of $60.33. iShares Bitcoin Trust ETF has a 1 year low of $42.98 and a 1 year high of $71.82.

iShares Bitcoin Trust ETF 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.