Altiora Financial Group LLC Purchases Shares of 11,884 iShares Bitcoin Trust (NASDAQ:IBIT)

Altiora Financial Group LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 1st quarter, Holdings Channel.com reports. The fund purchased 11,884 shares of the company’s stock, valued at approximately $481,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management bought a new position in iShares Bitcoin Trust during the first quarter worth $7,017,000. Traynor Capital Management Inc. acquired a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $3,666,000. Kingswood Wealth Advisors LLC bought a new stake in iShares Bitcoin Trust in the 1st quarter valued at $3,983,000. Udine Wealth Management Inc. acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at $2,035,000. Finally, Fiduciary Alliance LLC acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at $5,380,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT traded down $0.78 during midday trading on Wednesday, reaching $34.44. 11,982,272 shares of the stock were exchanged, compared to its average volume of 31,955,314. The firm has a 50 day moving average of $37.08. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99.

iShares Bitcoin Trust 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.