16,485 Shares in iShares Bitcoin Trust ETF $IBIT Bought by Baer Investment Advisory LLC

Baer Investment Advisory LLC acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,485 shares of the company’s stock, valued at approximately $633,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IBIT. Chapman Financial Group LLC bought a new position in iShares Bitcoin Trust ETF in the 3rd quarter worth about $25,000. Anchor Investment Management LLC boosted its position in shares of iShares Bitcoin Trust ETF by 210.3% during the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after acquiring an additional 305 shares during the last quarter. Financial Life Planners bought a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter valued at about $31,000. Semmax Financial Advisors Inc. grew its holdings in shares of iShares Bitcoin Trust ETF by 135.9% during the second 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, Marshall & Sterling Wealth Advisors Inc. grew its holdings in shares of iShares Bitcoin Trust ETF by 12,500.0% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

IBIT stock opened at $34.87 on Friday. The company’s 50 day moving average is $39.91 and its 200 day moving average is $42.52. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year 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.