Austin Wealth Management LLC Grows Position in iShares Bitcoin Trust ETF $IBIT

Austin Wealth Management LLC grew its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 214.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,496 shares of the company’s stock after purchasing an additional 11,245 shares during the period. Austin Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $711,000. Bison Wealth LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $3,140,000. Bank of New York Mellon Corp lifted its holdings in shares of iShares Bitcoin Trust ETF by 89.9% during the 1st quarter. Bank of New York Mellon Corp now owns 48,073 shares of the company’s stock valued at $2,250,000 after acquiring an additional 22,764 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in iShares Bitcoin Trust ETF by 57.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 325,241 shares of the company’s stock worth $15,225,000 after purchasing an additional 118,605 shares during the period. Finally, CWM LLC increased its holdings in iShares Bitcoin Trust ETF by 67.2% in the 1st quarter. CWM LLC now owns 224,418 shares of the company’s stock valued at $10,505,000 after purchasing an additional 90,197 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ:IBIT opened at $58.35 on Wednesday. The business’s 50-day moving average is $63.85 and its two-hundred day moving average is $62.76. iShares Bitcoin Trust ETF has a 12 month low of $42.98 and a 12 month 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.