Commonwealth Retirement Investments LLC Has $397,000 Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Commonwealth Retirement Investments LLC raised its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 83.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,000 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Commonwealth Retirement Investments LLC’s holdings in iShares Bitcoin Trust were worth $397,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IBIT. Fountainhead AM LLC raised its position in iShares Bitcoin Trust by 8.9% during the third quarter. Fountainhead AM LLC now owns 43,277 shares of the company’s stock worth $1,564,000 after acquiring an additional 3,531 shares in the last quarter. Jupiter Wealth Management LLC acquired a new stake in iShares Bitcoin Trust in the 3rd quarter valued at $614,000. Meixler Investment Management Ltd. bought a new stake in iShares Bitcoin Trust in the 3rd quarter worth about $271,000. Baker Avenue Asset Management LP grew its stake in shares of iShares Bitcoin Trust by 8.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 44,724 shares of the company’s stock worth $1,616,000 after acquiring an additional 3,363 shares during the period. Finally, Avid Wealth Partners LLC purchased a new position in iShares Bitcoin Trust during the third quarter valued at approximately $224,000.

iShares Bitcoin Trust Stock Performance

IBIT traded down $0.06 on Tuesday, hitting $49.51. The company had a trading volume of 31,667,162 shares, compared to its average volume of 31,704,465. The stock has a fifty day simple moving average of $36.87 and a 200-day simple moving average of $36.32. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $49.92.

iShares Bitcoin Trust 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.