WMG Financial Advisors LLC Has $2.06 Million Stake in iShares Bitcoin Trust ETF $IBIT

WMG Financial Advisors LLC boosted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 82.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,431 shares of the company’s stock after buying an additional 18,720 shares during the quarter. iShares Bitcoin Trust ETF makes up 0.8% of WMG Financial Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. WMG Financial Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,057,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of IBIT. Brighton Jones LLC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at $711,000. Bison Wealth LLC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at $3,140,000. Royal Bank of Canada raised its position in iShares Bitcoin Trust ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after buying an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp raised its position in iShares Bitcoin Trust ETF by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after buying an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in iShares Bitcoin Trust ETF in the 2nd quarter valued at $357,000.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $42.51 on Wednesday. The business has a fifty day simple moving average of $39.63 and a 200 day simple moving average of $48.80. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82.

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.