Fairbanks Capital Management Inc. Purchases Shares of 63,493 iShares Bitcoin Trust ETF $IBIT

Fairbanks Capital Management Inc. purchased a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 63,493 shares of the company’s stock, valued at approximately $4,127,000. iShares Bitcoin Trust ETF comprises 2.1% of Fairbanks Capital Management Inc.’s investment portfolio, making the stock its 15th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in IBIT. Sachetta LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 793.0% in the third quarter. Sachetta LLC now owns 384 shares of the company’s stock valued at $25,000 after buying an additional 341 shares during the period. Roble Belko & Company Inc raised its holdings in iShares Bitcoin Trust ETF by 77.2% in the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Highline Wealth Partners LLC lifted its position in shares of iShares Bitcoin Trust ETF by 150.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares during the period. Semmax Financial Advisors Inc. grew its holdings in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares in the last quarter. Finally, WFA of San Diego LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the second quarter valued at approximately $34,000.

iShares Bitcoin Trust ETF Stock Down 4.9%

Shares of IBIT stock opened at $36.55 on Tuesday. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82. The stock has a fifty day moving average price of $47.06 and a 200 day moving average price of $56.00.

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.