Masso Torrence Wealth Management Inc. Raises Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Masso Torrence Wealth Management Inc. lifted its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 15.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,999 shares of the company’s stock after acquiring an additional 1,337 shares during the period. Masso Torrence Wealth Management Inc.’s holdings in iShares Bitcoin Trust were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of IBIT. FinTrust Capital Advisors LLC purchased a new position in iShares Bitcoin Trust during the 1st quarter worth approximately $26,000. Glass Jacobson Investment Advisors llc acquired a new stake in iShares Bitcoin Trust during the second quarter worth about $26,000. Asset Dedication LLC lifted its holdings in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares during the period. Sound Income Strategies LLC purchased a new stake in iShares Bitcoin Trust in the 1st quarter worth approximately $30,000. Finally, Creekmur Asset Management LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at $30,000.

iShares Bitcoin Trust Stock Down 2.2 %

IBIT stock traded down $0.86 during midday trading on Friday, hitting $38.01. 51,745,568 shares of the stock traded hands, compared to its average volume of 30,353,623. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99. The stock’s fifty day simple moving average is $35.27 and its 200-day simple moving average is $36.00.

About iShares Bitcoin Trust

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.