NavPoint Financial Inc. Purchases 17,218 Shares of iShares Bitcoin Trust ETF $IBIT

NavPoint Financial Inc. raised its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 31.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,946 shares of the company’s stock after purchasing an additional 17,218 shares during the quarter. iShares Bitcoin Trust ETF accounts for approximately 1.1% of NavPoint Financial Inc.’s portfolio, making the stock its 25th largest position. NavPoint Financial Inc.’s holdings in iShares Bitcoin Trust ETF were worth $2,764,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chapman Financial Group LLC bought a new position in shares of iShares Bitcoin Trust ETF in the third quarter valued at approximately $25,000. Anchor Investment Management LLC grew its position in iShares Bitcoin Trust ETF by 210.3% in the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after purchasing an additional 305 shares in the last quarter. Financial Life Planners bought a new position in shares of iShares Bitcoin Trust ETF in the third quarter valued at approximately $31,000. Semmax Financial Advisors Inc. increased its position in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after purchasing an additional 284 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. increased its holdings in iShares Bitcoin Trust ETF by 12,500.0% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after buying an additional 500 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Up 2.1%

iShares Bitcoin Trust ETF stock opened at $34.00 on Thursday. The business’s 50 day simple moving average is $40.26 and its 200 day simple moving average is $42.69. iShares Bitcoin Trust ETF has a 12 month low of $32.84 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.