Ballew Advisors Inc Purchases New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Ballew Advisors Inc acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,380 shares of the company’s stock, valued at approximately $340,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kera Capital Partners Inc. purchased a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $224,000. Taylor & Morgan Wealth Management LLC boosted its holdings in iShares Bitcoin Trust by 15.5% in the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 9,338 shares of the company’s stock worth $495,000 after acquiring an additional 1,250 shares in the last quarter. Jackson Square Capital LLC bought a new stake in iShares Bitcoin Trust in the fourth quarter worth $1,611,000. Ameritas Advisory Services LLC bought a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at $879,000. Finally, HB Wealth Management LLC raised its position in shares of iShares Bitcoin Trust by 129.5% in the 4th quarter. HB Wealth Management LLC now owns 25,265 shares of the company’s stock worth $1,340,000 after purchasing an additional 14,254 shares during the last quarter.

iShares Bitcoin Trust Trading Up 4.4 %

Shares of iShares Bitcoin Trust stock opened at $59.62 on Friday. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $61.75. The firm’s 50-day moving average is $54.88 and its 200 day moving average is $42.45.

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.