BIP Wealth LLC Has $1.35 Million Stake in iShares Bitcoin Trust ETF $IBIT

BIP Wealth LLC boosted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 220.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,207 shares of the company’s stock after buying an additional 18,716 shares during the quarter. BIP Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,351,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. FRG Family Wealth Advisors LLC raised its position in iShares Bitcoin Trust ETF by 8.8% in the 4th quarter. FRG Family Wealth Advisors LLC now owns 16,085 shares of the company’s stock valued at $799,000 after purchasing an additional 1,295 shares during the last quarter. Balance Wealth LLC raised its position in iShares Bitcoin Trust ETF by 40.9% in the 4th quarter. Balance Wealth LLC now owns 5,768 shares of the company’s stock valued at $286,000 after purchasing an additional 1,674 shares during the last quarter. Perfromance Wealth Partners LLC raised its position in iShares Bitcoin Trust ETF by 26.8% in the 4th quarter. Perfromance Wealth Partners LLC now owns 7,209 shares of the company’s stock valued at $358,000 after purchasing an additional 1,523 shares during the last quarter. Indiana Trust & Investment Management Co raised its position in iShares Bitcoin Trust ETF by 51.2% in the 4th quarter. Indiana Trust & Investment Management Co now owns 2,955 shares of the company’s stock valued at $147,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Finer Wealth Management Inc. raised its position in iShares Bitcoin Trust ETF by 26.4% in the 4th quarter. Finer Wealth Management Inc. now owns 56,426 shares of the company’s stock valued at $2,802,000 after purchasing an additional 11,802 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Up 3.4%

Shares of IBIT opened at $40.42 on Thursday. The stock has a fifty day moving average price of $39.59 and a two-hundred day moving average price of $50.35. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week 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.