Modern Wealth Management LLC Takes $408,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Modern Wealth Management LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,360 shares of the company’s stock, valued at approximately $408,000.

Several other large investors have also recently bought and sold shares of IBIT. Great Valley Advisor Group Inc. bought a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth about $206,000. Cerity Partners LLC grew its position in iShares Bitcoin Trust by 51.9% during the third quarter. Cerity Partners LLC now owns 188,505 shares of the company’s stock worth $6,811,000 after buying an additional 64,396 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in iShares Bitcoin Trust by 55.9% during the third quarter. Brown Brothers Harriman & Co. now owns 1,985 shares of the company’s stock valued at $72,000 after acquiring an additional 712 shares during the period. Townsquare Capital LLC raised its holdings in iShares Bitcoin Trust by 20.7% in the 3rd quarter. Townsquare Capital LLC now owns 36,627 shares of the company’s stock valued at $1,323,000 after acquiring an additional 6,279 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its position in shares of iShares Bitcoin Trust by 97.9% in the 3rd quarter. CreativeOne Wealth LLC now owns 18,957 shares of the company’s stock worth $685,000 after acquiring an additional 9,376 shares during the period.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT opened at $49.44 on Friday. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The business’s 50 day moving average is $52.88 and its 200-day moving average is $48.57.

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.