GM Advisory Group LLC lifted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 60.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,118 shares of the company’s stock after acquiring an additional 5,674 shares during the quarter. GM Advisory Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $708,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Orvieto Partners L.P. acquired a new stake in iShares Bitcoin Trust ETF in the fourth quarter valued at $796,000. Ancient Art L.P. acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth $7,109,000. Nemes Rush Group LLC boosted its position in shares of iShares Bitcoin Trust ETF by 13.1% in the 1st quarter. Nemes Rush Group LLC now owns 2,582 shares of the company’s stock worth $121,000 after buying an additional 300 shares in the last quarter. Cornerstone Advisory LLC acquired a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at about $1,549,000. Finally, Visionary Wealth Advisors grew its stake in iShares Bitcoin Trust ETF by 81.4% in the 4th quarter. Visionary Wealth Advisors now owns 77,302 shares of the company’s stock valued at $4,101,000 after acquiring an additional 34,693 shares during the last quarter.
iShares Bitcoin Trust ETF Stock Performance
NASDAQ:IBIT opened at $64.90 on Thursday. iShares Bitcoin Trust ETF has a twelve month low of $30.24 and a twelve month high of $69.89. The firm has a 50-day moving average price of $64.23 and a two-hundred day moving average price of $56.91.
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.
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