iShares Bitcoin Trust ETF $IBIT Shares Purchased by NavPoint Financial Inc.

NavPoint Financial Inc. raised its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 1,010.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,728 shares of the company’s stock after acquiring an additional 49,801 shares during the quarter. iShares Bitcoin Trust ETF makes up 1.2% of NavPoint Financial Inc.’s investment portfolio, making the stock its 24th largest position. NavPoint Financial Inc.’s holdings in iShares Bitcoin Trust ETF were worth $2,717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Secure Asset Management LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 5.4% in the fourth quarter. Secure Asset Management LLC now owns 71,785 shares of the company’s stock valued at $3,564,000 after purchasing an additional 3,709 shares in the last quarter. Independence Bank of Kentucky grew its position in shares of iShares Bitcoin Trust ETF by 17,023.0% in the fourth quarter. Independence Bank of Kentucky now owns 17,123 shares of the company’s stock valued at $850,000 after purchasing an additional 17,023 shares during the last quarter. Kelleher Financial Advisors increased its stake in shares of iShares Bitcoin Trust ETF by 40.4% during the 4th quarter. Kelleher Financial Advisors now owns 4,073 shares of the company’s stock worth $202,000 after purchasing an additional 1,173 shares in the last quarter. Lazari Capital Management Inc. raised its position in shares of iShares Bitcoin Trust ETF by 106.9% during the 4th quarter. Lazari Capital Management Inc. now owns 10,924 shares of the company’s stock worth $542,000 after purchasing an additional 5,644 shares during the last quarter. Finally, JB Capital LLC raised its position in shares of iShares Bitcoin Trust ETF by 58.8% during the 4th quarter. JB Capital LLC now owns 9,707 shares of the company’s stock worth $482,000 after purchasing an additional 3,593 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

IBIT stock opened at $37.97 on Monday. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82. The stock’s 50 day moving average price is $40.23 and its 200 day moving average price is $50.79.

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.