Diversify Wealth Management LLC Buys 45,927 Shares of iShares Bitcoin Trust ETF $IBIT

Diversify Wealth Management LLC increased its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 505.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,006 shares of the company’s stock after buying an additional 45,927 shares during the quarter. Diversify Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IBIT. Anchor Investment Management LLC raised its position in iShares Bitcoin Trust ETF by 210.3% during the third quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after acquiring an additional 305 shares in the last quarter. Semmax Financial Advisors Inc. grew its position in shares of iShares Bitcoin Trust ETF by 135.9% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after acquiring an additional 284 shares during the period. Marshall & Sterling Wealth Advisors Inc. grew its position in shares of iShares Bitcoin Trust ETF by 12,500.0% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the period. Sfam LLC bought a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at about $26,000. Finally, Key Capital Management INC acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth about $26,000.

iShares Bitcoin Trust ETF Stock Down 2.8%

Shares of IBIT stock opened at $35.22 on Tuesday. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $71.82. The firm’s 50-day moving average is $38.98 and its 200-day moving average is $41.91.

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.