Cassaday & Co Wealth Management LLC Acquires 22,727 Shares of iShares Bitcoin Trust ETF $IBIT

Cassaday & Co Wealth Management LLC lifted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 247.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,909 shares of the company’s stock after buying an additional 22,727 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,074,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IBIT. Evermay Wealth Management LLC raised its position in iShares Bitcoin Trust ETF by 15.8% during the second quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $67,000 after purchasing an additional 150 shares during the period. McIlrath & Eck LLC raised its holdings in iShares Bitcoin Trust ETF by 30.3% during the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after buying an additional 163 shares during the period. Vivaldi Capital Management LP lifted its position in iShares Bitcoin Trust ETF by 3.3% in the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after buying an additional 163 shares during the last quarter. Howard Capital Management Group LLC lifted its position in iShares Bitcoin Trust ETF by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock worth $1,670,000 after buying an additional 165 shares during the last quarter. Finally, Encompass Wealth Advisors LLC increased its position in iShares Bitcoin Trust ETF by 2.2% during the third quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock valued at $498,000 after acquiring an additional 165 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT opened at $38.97 on Tuesday. The company’s fifty day simple moving average is $48.42 and its 200-day simple moving average is $56.97. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month 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.