Abich Financial Wealth Management LLC Takes $1.81 Million Position in iShares Bitcoin Trust ETF $IBIT

Abich Financial Wealth Management LLC bought a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,785 shares of the company’s stock, valued at approximately $1,806,000. iShares Bitcoin Trust ETF accounts for about 0.6% of Abich Financial Wealth Management LLC’s holdings, making the stock its 13th largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sachetta LLC lifted its position in iShares Bitcoin Trust ETF by 793.0% during the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after acquiring an additional 341 shares during the period. Roble Belko & Company Inc raised its stake in shares of iShares Bitcoin Trust ETF by 77.2% during the third quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Highline Wealth Partners LLC raised its stake in shares of iShares Bitcoin Trust ETF by 150.0% during the third quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the last quarter. Semmax Financial Advisors Inc. lifted its holdings in shares of iShares Bitcoin Trust ETF by 135.9% during the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares during the period. Finally, WFA of San Diego LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the second quarter worth $34,000.

iShares Bitcoin Trust ETF Trading Down 3.2%

NASDAQ:IBIT opened at $37.05 on Friday. The firm’s fifty day moving average price is $48.91 and its 200 day moving average price is $57.49. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82.

About iShares Bitcoin Trust ETF

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.