Independent Financial Group LLC Purchases New Stake in iShares Bitcoin Trust ETF $IBIT

Independent Financial Group LLC acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 42,065 shares of the company’s stock, valued at approximately $1,616,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in iShares Bitcoin Trust ETF in the fourth quarter valued at $711,000. Procyon Advisors LLC raised its stake in shares of iShares Bitcoin Trust ETF by 920.1% during the 4th quarter. Procyon Advisors LLC now owns 227,604 shares of the company’s stock worth $11,301,000 after buying an additional 205,292 shares during the last quarter. Step Capital Management Pte. Ltd. acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth $3,724,000. Columbus Macro LLC boosted its position in shares of iShares Bitcoin Trust ETF by 77.0% in the 4th quarter. Columbus Macro LLC now owns 32,830 shares of the company’s stock worth $1,630,000 after buying an additional 14,284 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at about $714,000.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ:IBIT opened at $36.35 on Monday. The firm has a 50-day moving average price of $38.24 and a two-hundred day moving average price of $41.54. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $71.82.

iShares Bitcoin Trust ETF 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.