Concentrum Wealth Management Buys Shares of 105,888 iShares Bitcoin Trust (NASDAQ:IBIT)

Concentrum Wealth Management bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 105,888 shares of the company’s stock, valued at approximately $5,617,000. iShares Bitcoin Trust comprises about 2.0% of Concentrum Wealth Management’s investment portfolio, making the stock its 10th largest position.

Several other large investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC boosted its stake in shares of iShares Bitcoin Trust by 6,401.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after acquiring an additional 4,573,794 shares during the period. NINE MASTS CAPITAL Ltd lifted its stake in shares of iShares Bitcoin Trust by 29.6% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock valued at $80,541,000 after purchasing an additional 346,918 shares during the last quarter. ExodusPoint Capital Management LP boosted its stake in iShares Bitcoin Trust by 849.9% during the fourth quarter. ExodusPoint Capital Management LP now owns 1,423,900 shares of the company’s stock worth $75,538,000 after buying an additional 1,274,000 shares during the period. Horizon Kinetics Asset Management LLC grew its holdings in iShares Bitcoin Trust by 7.3% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 864,272 shares of the company’s stock valued at $45,850,000 after purchasing an additional 58,469 shares during the last quarter. Finally, LPL Financial LLC raised its position in iShares Bitcoin Trust by 485.5% in the 4th quarter. LPL Financial LLC now owns 752,583 shares of the company’s stock worth $39,925,000 after purchasing an additional 624,036 shares during the period.

iShares Bitcoin Trust Trading Up 2.4 %

IBIT stock opened at $47.71 on Monday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The business’s fifty day simple moving average is $51.45 and its two-hundred day simple moving average is $49.39.

About iShares Bitcoin Trust

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.