Concentrum Wealth Management Has $3.51 Million Stake in iShares Bitcoin Trust ETF $IBIT

Concentrum Wealth Management reduced its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 12.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,331 shares of the company’s stock after selling 14,640 shares during the period. iShares Bitcoin Trust ETF makes up approximately 0.8% of Concentrum Wealth Management’s investment portfolio, making the stock its 20th biggest position. Concentrum Wealth Management’s holdings in iShares Bitcoin Trust ETF were worth $3,506,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Marshall & Sterling Wealth Advisors Inc. raised its holdings in iShares Bitcoin Trust ETF by 12,500.0% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares in the last quarter. Key Capital Management INC acquired a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter worth $26,000. Sfam LLC bought a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter worth $26,000. Vermillion & White Wealth Management Group LLC increased its position in shares of iShares Bitcoin Trust ETF by 637.5% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after purchasing an additional 459 shares during the period. Finally, Allied Private Wealth LLC bought a new position in shares of iShares Bitcoin Trust ETF in the second quarter worth $28,000.

iShares Bitcoin Trust ETF Stock Down 0.7%

IBIT stock opened at $35.63 on Friday. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $71.82. The business has a 50-day simple moving average of $35.88 and a 200 day simple moving average of $39.45.

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.