Heritage Oak Wealth Advisors LLC Invests $714,000 in iShares Bitcoin Trust ETF $IBIT

Heritage Oak Wealth Advisors LLC bought a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,580 shares of the company’s stock, valued at approximately $714,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IBIT. Chapman Financial Group LLC purchased a new stake in iShares Bitcoin Trust ETF in the 3rd quarter worth $25,000. Marshall & Sterling Wealth Advisors Inc. raised its position 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 acquiring an additional 500 shares during the period. Key Capital Management INC purchased a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at $26,000. Vermillion & White Wealth Management Group LLC lifted its holdings in iShares Bitcoin Trust ETF by 637.5% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after purchasing an additional 459 shares in the last quarter. Finally, Sfam LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $26,000.

iShares Bitcoin Trust ETF Trading Up 2.1%

Shares of NASDAQ IBIT opened at $34.00 on Thursday. The company’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 52-week low of $32.84 and a 52-week 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.