iShares Bitcoin Trust (NASDAQ:IBIT) Holdings Raised by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 7.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 42,502 shares of the company’s stock after acquiring an additional 2,764 shares during the quarter. Kingsview Wealth Management LLC’s holdings in iShares Bitcoin Trust were worth $1,536,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC boosted its holdings in shares of iShares Bitcoin Trust by 51.9% in the third quarter. Cerity Partners LLC now owns 188,505 shares of the company’s stock valued at $6,811,000 after acquiring an additional 64,396 shares in the last quarter. Great Valley Advisor Group Inc. bought a new position in iShares Bitcoin Trust during the 3rd quarter valued at $206,000. Nwam LLC acquired a new position in shares of iShares Bitcoin Trust during the 3rd quarter valued at $334,000. Altiora Financial Group LLC raised its stake in shares of iShares Bitcoin Trust by 74.6% in the 3rd quarter. Altiora Financial Group LLC now owns 21,292 shares of the company’s stock worth $769,000 after buying an additional 9,094 shares in the last quarter. Finally, Smithfield Trust Co lifted its holdings in shares of iShares Bitcoin Trust by 9.2% in the third quarter. Smithfield Trust Co now owns 13,732 shares of the company’s stock valued at $496,000 after buying an additional 1,152 shares during the period.

iShares Bitcoin Trust Stock Down 4.4 %

NASDAQ:IBIT opened at $54.02 on Tuesday. The business’s 50-day moving average price is $40.92 and its 200 day moving average price is $37.58. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $56.86.

iShares Bitcoin Trust 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.