Journey Strategic Wealth LLC Acquires 282,922 Shares of iShares Bitcoin Trust ETF $IBIT

Journey Strategic Wealth LLC increased its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 2,526.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,121 shares of the company’s stock after acquiring an additional 282,922 shares during the period. iShares Bitcoin Trust ETF makes up approximately 0.5% of Journey Strategic Wealth LLC’s investment portfolio, making the stock its 17th biggest position. Journey Strategic Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $19,118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. McIlrath & Eck LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 30.3% in the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares during the period. Vivaldi Capital Management LP lifted its position in iShares Bitcoin Trust ETF by 3.3% in the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after buying an additional 163 shares during the last quarter. Howard Capital Management Group LLC lifted its position in iShares Bitcoin Trust ETF by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock worth $1,670,000 after buying an additional 165 shares during the last quarter. Encompass Wealth Advisors LLC boosted its stake in iShares Bitcoin Trust ETF by 2.2% during the third quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock worth $498,000 after buying an additional 165 shares during the period. Finally, Thoroughbred Financial Services LLC increased its position in iShares Bitcoin Trust ETF by 3.3% during the third quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock valued at $345,000 after acquiring an additional 172 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT opened at $37.19 on Monday. The company’s fifty day simple moving average is $46.16 and its 200-day simple moving average is $55.15. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve 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.